Interesting they haven't announced this. Isnt it material I got...

Interesting they haven't announced this.  Isnt it material

I got an email saying this from accloud just now... I'm on their mailing list

So who hasn't told who... Accloud hasn't told Charter Pacific... Or Charter Pacific hasn't told the ASX

Issue #38, Wednesday July 30th, 2015​

Accloud terminates Heads of Agreement with Charter Pacific Corporation.

"... we are not satisfied with the results of our due diligence investigations to date.  It is material to Accloud that it be acquired by an entity that has no existing assets (other than cash).  Through our due diligence investigations we now know it is not possible for CPC to dispose of its existing assets prior to completion of the Proposed Transaction.  We acknowledge your comments regarding the need for CPC shareholders to approve any such transaction, and the impact of this on timing, however this brings us to the conclusion that there is no way that Accloud’s concerns can be satisfactorily resolved."

The Heads of Agreement was terminated on July Second, 2015.

Accloud's Legal representatives and board and proposed board members have strongly recommended an IPO in Accloud's own right and are heavily engaged in an IPO listing of the company. More details will be made available over the next weeks.