Agreed estimated values of the Acquisition assets and liabilities:
Cash and cash equivalents: $3.127 million Trade and other receivables: $832k
So as part of the sale CCE also gives them around $4 million in cash and equivalents. That's going to hurt us.
I wonder if any of that $4 million will include funds from the recent raising that many of you guys supported, thinking it would be used for the good of CCE?
And I see MO will be on the board of TAG. Conflict of interest comes to mind.
I would really like to know, in dollar terms, what 1/3rd of TAG will be worth to us, and the total value of assets/cash etc. that CCE is giving to TAG in return. Why hasn't CCE told us this information yet? Is the deal so bad they need to withhold this information, at least until after the vote?
CCE Price at posting:
1.9¢ Sentiment: None Disclosure: Held
