Clearly something was on track when we had the EGM but delays/snags happen. We know Nick will want the best price possible, he won’t compromise on that for the sake of a few weeks.
This is a big deal by any industry comparison, if they’re dealing with a multi billion dollar company, there will be multiple layers of risk/compliance/board meetings to go through. More complexity if Federal/State funding is involved.
It’s all par for the course. We knew that when we bought into Phoenix. Just got to be patient a bit longer.
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Clearly something was on track when we had the EGM but...
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Dr Pete Smith, Executive Chairman
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