I wrote before about the put and call option of Gary How.
Masterskill announced the termination of the said agreement.
He [Mr. How] has expressly confirmed that the he is unable to complete the purchase of the First Party’s shares within the Call Option Period (within 6 months from the date of Call and Put Option Agreement)
Was the agreement ever serious? I always had my doubts (as had the few people who commented on the posting), as expressed in above blog post. The whole sequence of events poses more questions than that is gives answers.
Gary How and related parties are still directors of the company, while holding only a very small percentage of the shares.