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rattle

7,265 Posts.

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26/02/17

18:50

Post #: 22915934
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Originally posted by oxxa23 ↑

Hi rattle,

I reply not to argue, just clarify for you... it has absolutely nothing to do with funders in their confidence for Stl, but boxes they've got to tick on their own internal policies... the belief in Stl was there when they signed documentation to approve $15m funding....

This is purely internal matters that have arisen for the funder, nothing to do with stl, other than its having a delay on their acquisition.

So far as share price or market sentiment, you may be right..

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They actually say in the Investor presentation:
"Further EPS accretive acquisitions under contract" . So if they are granted more than the Indue $6.5m then they could be settling one or more of these other acquisitions that are under contract, whatever they may be. Makes you wonder why these other acquisitions would be hanging on for so long though . .

STL Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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