Hold up, I read it as we are purchasing a shell company for the value of $100,000. so are we becoming a shell company or are we purchasing one?
"(shares issued as consideration for the 100% acquisition of an unlisted Pty Ltd cash shell for a total consideration value of $100,000 - which is equivalent to the cash in the shell. Consideration shares were calculated using a QPN share price of $0.002)"
I'm more of a TA man, I'm often incorrect in deciphering FA language, but an acquisition is usually a purchase is it not?
QPN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held