RE:RE:RE:Common sense saysAuntiePenny wrote: scorpio40 wrote: If a public company duly executes a contract with another entity possibly causing 'material change' that can positively/negatively affect the share price - the news of such transaction must be made public immediately -
For sure. But the PO isn't in effect until all the conditions are met and payment of the 40% is a condition of the PO. Announcing a PO before it's fully in effect would be irresponsible and almost certainly not permissible by IIROC [provided they notice it].
Oh Boy, where to start!!!!!
Let me start off by saying that I SINCERELY hope that THE LONG AWAITED P.O. is finally becoming reality.
With regards to the NEWS release. Do you honesty think that MRS has not verified the financial capabilities of the buyer.
The title of the news release could read: MRS HAS RECEIVED A CONDITIONAL PURCHASE ORDER IN THE AMOUNT OF $$$$$$$$$$$$$ FROM XXXXXXXXXX.
After all the BLA BLA BLA on how happy they are, they state that the above-mentioned P.O. is conditional to clauses A, B, C, D, one of which states that the P.O. is conditional to the company receiving a down payment of $$$$$$$ on or before XX,XX,2018.
For your information a contract takes effect the moment it is signed by both parties, however it may be conditional to ceratin milestones, restrictions, performance clauses.