TAP Real Estate Extends Zermatt Resort Acquisition Option by 90 Days
Summary
TAP Real Estate Technologies has extended its option to acquire the Zermatt Resort by an additional 90 days. This follows the initial option agreement announced in an 8-K on March 30th. The extension indicates the company is continuing its due diligence and negotiations for the potential acquisition. For a company facing severe financial distress and a 'going concern' warning, the progress of this significant transaction is important.
At the time of this announcement, RWAX was trading at $0.00 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $12.1M. The 52-week trading range was $0.00 to $0.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.