ADE
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0.00% 19.5¢ adelaide energy limited

rog shares released from escrow

  1. richrichie
    3,394 Posts.
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    18/11/11
    15:53
    Post #: 9307762
    Are these shares ADE's?

    12 months escrowed as a termination fee for ROG failing to pay $1.6m to buy ATP904P off ADE.

    ADE (or BPT) should sell the shares and keep the funds for something else. Not that its a great sum of money.

    http://www.asx.com.au/asxpdf/20111118/pdf/422mtz95ndmx6y.pdf
    ADE Price at posting: 20.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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