My reading of the announcement amounts to the current ERG being a shell with its only "asset" being the litigation which in turn could be a liability and 50% of the new entity which holds all the assets and the staff. I assume that Saville would still retain his share of the old erg but for his $115million he gets the assets in the new entity. Note that no board members of the old ERG are on the board of the new entity.
erg sale, page-3
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.268M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 93999 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 500000 | 1 |
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| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| ERG (ASX) Chart |
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