What happens now if it never trades again with the assets
I wonder what the clauses are in the contracts in regards to the acquisitions made.
1) TIG Hair & Beauty and Hospitality
2) Tipsly App
3) Australian Business
5) USA Business
Whilst they are suspended can the Directors sell off these assets if a bidder was to come forward whilst suspended.
Not sure what the end game was but it was definitely the US. What was the Zeta partnership going to do.
Have no idea how the US is structured/modelled as they have kept this arrangement out of any response.
There had to be something there that Steinberg liked to be put on the advisory board, regarding US Opps anyway. I doubt he could give two hoots about aussie opps.
What I am trying to say here is could Zeta come in and buy out the bones of the business - App and US subsidiary .
Say $20M. That is pay enough where FC capital charge falls away. Probably cheaper than starting from scratch.
Cheers
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held
