ADY
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0.00% 1.2¢ admiralty resources nl.

Linaker,The ann says..."Fortune Global Holdings recently...

  1. kacy
    11,677 Posts.
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    03/10/08
    13:17
    Post #: 4341505
    Linaker,

    The ann says...

    "Fortune Global Holdings recently received a verbal price indication from Wyndham’s legal representative for their 40% interest, which was rejected."

    So Wyndham’s legal representative HAVE put a price on the table for their share of CMSB for ady to consider.

    As we know, ady cannot get the funds for buying out Wyngham due to the credit squeeze. But what's to stop WISCO taking up Wyndham's offer, which we know WISCO wants to do?

    I imagine that would resolve any disputes over what Wyndham owes ADY via CMSB.

    As I said - win-win for everybody!
    ADY Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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