Hi joel, I think this is heresay at best. My rationale being as a listed company if they had signed a deal subject to valuation they would have announced it to the market, they love announcements and this one would be a positive after all the SFO, Receivership, dodgy Directors etc news of the last couple of years. Secondly I don't believe Liberty would pay anything like $16M for the other 50% of Pero's with the lack of profitability and performance over the last few years, they are in a good position and I would doubt they will pay over the odds for this.

I think it is far from "business as usual" for this company, they still have to convince note holders to convert to shares and they are still not paying interest at this stage, I doubt there would be any shareholder or noteholder that wouldn't get out if they could exit at a reasonable price.