re: bazzariod
##They cant buy orion without any money in the bank.## Yes they can, and even if no money is raised the deal will still go ahead, Orion will cover any costs. ------------- ##SKG is a shell company for orion. No listing fees.##
There has been a rumour that Orion would take over SKG for over 6 months, even when Orion injected $1.6 million backin in July 2004.....the cash was nominated as a "stategic partnership". There will be a relisting Fee of $1.5 to $2 million. -----------------------
###Shareholders should be happy as this company would have been delisted otherwise.###
Yes I'm happy that the reverse takeover is happening. I think SKG new at least 12 months ago that they were not getting the take-up they had hoped for, but they didn't wake up one morning and ask Simon Loh if he would be interested in a reverse take-over..........they have had this planned for quite some time. SKG decided to write off it's goodwill, and have let the company wind down over the last 4 months in preperation for the take over. This is designed to create tax benifiets for the new entity and it's shareholders.
SKG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
