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Pebble Beach Systems – “Final Settlement of VCS Consideration”, so much for “substantially debt-free”!

Published 100 days ago

“Final Settlement of VCS Consideration” announcement from Pebble Beach Systems (PEB). I remind that on the conditional sale being announced on 20th October that RNS concluded “if the transaction completes then the group will be left substantially debt-free and to execute its software transition strategy with Pebble Beach Systems”

Pebble Beach Systems – disposal updates include buyer reserving its rights as it claims “numerous breaches of the contract”!

Published 112 days ago

After results for the first half of 2016 showed an increased £8.8 million of net debt, Pebble Beach Systems (PEB, then Vislink) announced a $16 million sale of its hardware division, Vislink Communication Systems, to NASDAQ-listed xG Technology, Inc – stating the disposal to see it “be left substantially debt-free and to execute its software transition strategy”. There are now further updates on how this is working out – including a 5:25pm “Response to xG Technology Inc Press Release” announcement. Uh oh…

Vislink – “Completion of Disposal”, deferred consideration within 45 days?

Published 145 days ago

Vislink (VLK) has announced that it has changed its name to Pebble Beach Systems Group (PEB) following ‘completion’ of the disposal of its hardware division, with “in accordance with the terms the deferred consideration is due to be paid within 45 days of completion”. Hmmm...

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