The stakeholders at Cap aren't in the business of throwing money away.
Why would they pay a premium to the current SP?
Floate would have told them in initial discussions that the expected SP would have been well above the 1.7 with all the announcements they had in the pipeline.
Problem for Floate is that the announcements didn't move the dial. This would have caused major hesitancy with CAP and hence the 2nd suspension.
It seems as hard as they try, it is just more of the same from SPX management.
Major change is needed in the management department
AIMO GLTAH
Ann: Voluntary Suspension, page-19
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