Yep....a reverse takeover.
STR board remains unchanged.
STR will have control after the merger.
Merged company will be called Service Stream.
Cooney is a fool knocking back the $2 offer he had 12 months ago. Now he's out for $1
These STR guys are now huge. And with backing by some of the big boys in Australia. Fields and his mate have achieved their goals as they've done in the past (ie with DirectCash)!!!!
Other companies in this area (such as BSA) will either get swallowed up or run into the ground. Silly, they should have got in first!
Its all good news. Hope the merger goes ahead as planned.
STR
service stream ltd
