This is what should be happening-
The 'anonymous' corporate advisor :
1) Is busy assessing value of OUR products, & establishing a price range.
2) Is preparing info for interested businesses.
3) Will i.d., evaluate & approach potential buyers/partners.
4) Will exchange confidentiality agreements.
5) Will assist with reviews of our product/s.
6) Will foster a competitive bidding environment while taking offers.
7) Will negotiate HOA & manage due diligence.
8) Will finalize a sale/partnership.
This TAKES TIME! The required time makes us vulnerable due to lack of cash.
On the plus side, according to Analytica, considerable awareness has already been created therefore points 1-6 should progress rapidly. And Corr's experience and advice should speed the process up.
But I can't see a result within 6 months.
This is what could happen-
Corr & Monsour increase their percentage ownership in this current CR. The Co. can't apparantly raise any more cash in time. The pair buy us out for a song.
(Another possibility is Corr's main Co. buys us out for a reasonable price.)
If Analytica wanted us to act on the rights issue, why the lack of detail/color - who, when, etc.. And the less of us acting the more ownership the pair get.
I've consistently been uncomfortable with the language this Co. uses. Maybe its just lack of respect or communication ability. By the way is the AGM before the rights issue deadline...
And why haven't other directors bought shares...
ALT Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held