A bizarre and untrue set of claims. I'm supposed to let those views just sit there as truths, and it's my fault if the discussion continues on these lines?
Anteo was already in default! It couldn't even finance the takeover because suddenly the financing deal with the Canadians fell over at the due diligence stage.
The Canadians must have decided, as a result of due diligence the risk was significantly higher and their terms changed at the last minute. There is no other rational explanation.
Someone dropped the ball within ADO long before the Diasource deal. Please try to face this.
Please stop peddling the lies that don't stand up to any reasonable scrutiny in the real business world, not fantasyland.
That reality lead to all sorts of emergency measures in the short term, including massive dilution and FC as 'saviour'.
They had allowed their own business revenue to fund ADO's buyout, until that became untenable. Finally when the claims about future revenue from the ADO diagnostics space didn't happen, Diasource pulled the plug, but it did so in an orderly way.
At any point Disasource could have pulled the plug and unwound the deal. If they seriously wanted ADO's IP they wouldn't have tried to find another buyer. But they did.
You're lucky Hurrel stayed on to help the company transition to the new Chairman.
Bluddy lucky.
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