RE: $$ still to be PROVENJust the same as any other takeover....
Forrest have said unequivocally:
The transaction is not conditional on any financing condition. The Purchaser has represented (already)
, warranted and covenanted to Forsys in the .. Agreement that the Acquiror will have sufficient funds at the Effective Time in order to complete the Arrangement. (This is heavy language, incidently)
On or immediately prior to the Effective Date, the Acquiror will deliver to the Depositary the aggregate consideration to be paid ..... pursuant to the Arrangement.Also sect 2.4 "acquiror must deposit sufficient cash"
Any other evidence is for Forsys's benefit -- they can choose to break the deal and get the $11.4m payment -- which they won't do unless they are absolutely sure there's no money. Because of the dates, the "proof" is actually the money itself being deposited.
For the buyer showing up with no money on the day --- is totally unprofessional and devastating to their reputation. As Cartman has said you're in or out -- Forsys have spent a lot of time arranging this transaction.
Hope we're right.