Let's be honest here, ADO tried to do SH a favour by extending the EI closing date, so more SH can have the chance to participate and also to see the con note confirmation before participating. In return, it left them with WAY to little time to have everything finalised, which is why we still haven't seen anything about the remaining shares allocation.
"Proposed revision of the terms" has to happen because it is already 31st of Dec, if ADO don't revise the terms, we won't get their 2015 earnings. If it was just a deal between 2 mates, then they could have worked on a verbal agreement on the revised term. But this is a business transaction and it requires everything to be done formally, hence the TH and all.
It is hard to imagine ANY involved parties would want to jeopardise the working relationship and the trust of SH, just to get a slight upper hand on the deal. I'm sure both ADO and DIAsource can see the forest through trees.
ADO Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
