A long time coming this - the company apparently was approached by several parties with initial, conditional, non-binding and indicative offers.
It decided to grant exclusive DD to one of them - US-based Mitratech holdings. The offer is for 30c, and preferred settlement is via scheme of arrangement.
Shares are up big as expected, though there is a still a considerable gap to the offer price. For long-suffering holders, this may not be the worst exit - hopefully we get a bidding war with a much better final price, as we saw with IntelliHR (I sold on the first bid and left over 100% on the table with that one!).
Generally, it looks like Christian is finally willing to vend the company.