Hi Allan. I suggest you have a scroll through this thread, then you will get a wider point of view than mine. I am after all a narrow minded bigot:blink:
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Date of relevant event: 23 December 2015
Date this disclosure made: 6 January 2016
Date last disclosure made: 2 November 2015
Substantial product holder(s) giving disclosure
Full name(s): Scott Bradley, Rebecca Bradley, Sharbo Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Scott Bradley, Rebecca Bradley, Sharbo Limited
For this disclosure,—
(a) total number held in class: 17,281,095
(b) total in class: 82,053,920
(c) total percentage held in class: 21.06%
For last disclosure,—
(a) total number held in class: 17,281,095
(b) total in class: 72,724,508
(c) total percentage held in class: 23.76%
Attachment 7783
"(b) VMob attains a market capitalisation of at least $40 million, by no later than 31 March 2016."
The second condition for transfer to an NZX listing has been 'attained'. I wonder whether there is fine print, like ... attained for how long, or 'sustained' for how long, or something else. On a literal interpretation though, condition (b) has been met.
:)