Ann: CYL: Extension of offer period for Vango takeover bid, page-10

Watch Catalyst pull the plug on the deal. LMAO!

Makes sense, though. Looks clear that Catalyst means it, that Vango has to find SOMEONE to extend them a $5 million credit line, completely unsecured.

All I can think of is Van thought they could arm-twist one of the Chinese investors into handing Vango one last $5 million - and it didn't happen.

Given that the SGI acquisition has apparently fallen through, the deal is getting further and further from what Catalyst thought it would be.

I think they yank the plug.