Hi mark10, yes that is a good point - and it would have worked...

Hi mark10, yes that is a good point - and it would have worked initially to our benefit. At the time I warned RISK had been taken on by FML in here. I also prepared a file as such asking many hard questions about the prior three years of CRE activity. I gave that to clients and FML who apparently passed it to CRE. DB were well aware of that risk so did they misinform DT from a position of power?

I have no clue on the process of those negotiations but when you have a very large holder of a company you target, and they agree to back your bid, do you push that hard? I imagine DB gave FML assurances but perhaps they played hard ball on escrow?

In any case no time was allowed for FML to realize the dream of the CRE Board before they were selling. DB had changing conditions to face at home. The escrow usually only lasts 12 months - so there is another point - was that worth it or not? They would be selling now anyway well after the 12 months are up.

Cheers mark do well,
CW
DYOR&DD