How are they going to seal 5 acquistions, none of which have any legally binding agreements currently in place in such a short space of time?
It's possible none of them will go ahead, and they have rightfully cautioned over-exuberant investors as such.
Now they will also have to re-issue a new prospectus on the basis of these 5 potential acquisitions if they go ahead in some as yet undetermined form.
On top of this, they have requested an open-ended suspension to manage their continuous disclosure requirements as it's possible someone leaked information and acted on it.
Having just announced they would discuss FY17 plans in August, this recent announcement appears to have unfortunately been forced upon them.
So I would say goodbye to this stock for a few months at least, maybe 3-4 months even, but maybe more.
So your liquidity in investing in a public listed company is gone for a while now till they sort this out.
I don't think Brexit would have made much difference to this stock, given the low trading volumes and liquidity it likely would have been range trading between 3.4-3.9c anyway.
And it's interesting to note that there is no further talk of the larger acquisition of the physiotherapy business.
Is this still on the cards or not?
And wouldn't it make sense to bed down one acquisition at a time, instead of doing 5 at once?
