I don't know anything about the old DIA business.But I did spend...

I don't know anything about the old DIA business.

But I did spend ten minutes a couple of months back looking at this crazy Pallane proposal.

How they could ever justify the valuation on the Pallane business was beyond me.

And therefore it was going to be IMPOSSIBLE to raise the $12.5 million needed to get the deal across the line. And that proposal that the $12.5 million be underwritten? Who was that underwriter again? What is their capital position???

The rumour I heard was that Intersuisse were going to help out by shaking the tin for the raising. I wonder where that got to?

Pallane vendors were living in a dream land where they were all about to become multi-millionaires. No chance.

And so I see that the deal that was supposed to close in April still doesn't even the relevant notice of meeting called yet.

I am prepared to call the Pallane deal as dead.

Is there any other opportunity for the DIA carcasse?

Anyone out there have some thoughts???