I would guess that “proof of funds” was provided. Just like buying a house, the deal will stop dead in its tracks if a buyer could not provide a seller with proof of funds.
If there was an inquiry by the ASX and it cleared maybe proof of funds was also provided to them.
I would think at the VERY beginning of this deal, proof of funds was asked for... and provided or the deal would have stopped. I couldn’t sign a binding agreement to buy a house for $1,000,000 without proof of funds... some I couldn’t even walk through without proof of funds.
The deal is in tact... until we hear otherwise.
Common sense says if there was an inquiry done by the ASX regarding the VC deal... and there was not a filing rescinding the original announcement- proof of funds was provided to ASX
My opinion
I would guess that “proof of funds” was provided. Just like...
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32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $15.48M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $6.532K | 19.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 5000 | 1 |
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| RGT (ASX) Chart |