Wednesday, May 18, 2011

Spice i2i

Spice i2i: extends the Long Stop Date for its Proposed Acquisition of Affinity Group’s cellular business and “Nexian” brand, for a 2nd time, from 16 May to 21 May. Recall, the initial completion date was set at 30 Apr, but was delayed after auditors discovered a US$10m gap in Affinity Group’s FY10 accounts. Spice maintains that all other terms and conditions of the agreement are still in full force and effect.
Stock last closed at $0.055.

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