Yes. $1,882,604 of it up front, plus $400,000 3 months later, plus an amount of 15% PA interest on that $400,000. It's in black and white under "Other material terms of the Share Purchase Agreement" part (b).
And that's an "at least". If it's decided, after the sale, that EMC's net tangible assets are less than they're stated to be right now (which is $1,917,396), Carnegie will pay the difference to Tag on top of what they're already paying them.
It's hilarious. Carnegie are paying to get rid of EMC. Paying money raised from shareholders (because it's the only money they have) to reduce their own capital. I mean... really? Someone tell me I didn't read that right, please.
CCE Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
