VMX 6.06% 31.0¢ valmec limited

Ann: VALMEC ACQUIRES NATIONAL TESTING SERVICES GROUP, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 89 Posts.
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    The announcement says they bought it from the Receiver so its difficult to imagine they paid too much. Also says deal will close end of January 18 so this would be why they can't disclose financial details of the transaction. They would be dealing with the Bank so confidentiality becomes another factor.
    Option conversion comes at a good time to pay for the transaction.
    Options still trading at 0.0001 and being scooped up this morning so should be a strong following.
 
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