Yes that was stated last night by Patrick. The trading halt was called as IAM had been doing trials for a previously unnamed group which if I recall correctly was stated to have about 200 practices and an agreement had been reached. The agreement announcement was to state that these trials had been completed successfully with this 'financial services group'. No names were to be mentioned as the group required anonimity. However the regulator, being the ASX, would not permit the announcement to be published without the group being named. As such the group stepped back. At that point it had to be announced that discussions had ceased. However since then further discussions have taken place. I believe if IAM can sort out a way with the ASX to move forward without naming this client the deal can proceed.
That was my take on this.
Yes that was stated last night by Patrick. The trading halt was...
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