Money talks, BS walks.
Will SIOC ever pay this money?
Why did Mr Connie Molusi fail to turn up to the recent board meeting in SA?
What's wrong with this deal?
On March 22nd the company said here has been a slight delay in the settlement of the SIOC-cdt transaction due to co-ordinating banking arrangements. A slight delay!!!
The company has given out several guidance dates but as yet the money aspect as yet to be finalised, WHY?:
April 30th: Quarterly Operations Report
"initial settlement of ZAR40m completed"
"ZAR100m balance is due to be received on 4 May"
April 4th: Settlement of SIOC-cdt Transaction
"SIOC-cdt has now commenced payment of ZAR140m
March 22nd: SIOC-cdt Transaction Update
"expects final settlement on or around 31 March 2012"
Feb 27th: SIOC-cdt Chairman Appointed to the Board
"the ZAR140m settlement of the transaction is scheduled to occur by no later 13 March 2012."
Feb 9th: Indaba Presentation - Page 21 Corporate Update
"Funds transfer before end Feb 2012"
Money talks, BS walks.Will SIOC ever pay this money?Why did Mr...
Add to My Watchlist
What is My Watchlist?