re: preso - any mention fo the telco sale?
yep ..... it's progressing!!! No further info although I emailed the company in the past on this (as recently as a couple of months ago) and the response was along the lines of 'there are a couple of interested parties conducting a due diligence'. No timeframes as yet because they have not entered into negotiations with any specific party as yet - that's my take on it anyway.
Sale of this will be an added bonus now - Rob did mention it was worth around $6-7M in cash for them when sold but is no longer the source of cash for the BFS given recent events. This will simply put a firm value on the asset ie. no longer a fixed asset with next to no value on it (market cap wise), rather it will be cold hard cash.
UCL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
