RE: Blue day.3 Jan 2019 06:52
Morning all - from the presentation (they want the BH issue resolved first for best value for shareholders):
The company had two non-binding proposals for the purchase of Internet Team
* Both proposals are similar in terms of timetables but differ in structure and proposed amounts
* Purchase of Internet Team shares from the acquisition or acquisition of assets
* The timetable is expected to continue until mid-late March
* 2-4 weeks for initial Diligence Due to offer a binding offer
* 6-8 weeks for signing a contract
* Only one of the proposals has a potential that enables both payment to RainMaker and bond redemption
* The company's management and Internet Team management believe that under the full range of pressures today, it will be possible to sell Internet Team for less than its true value. The Company's management recommends completing the outline and the stage Later apply a regulated process for the sale of the property.