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Meeting in July, page-119

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Icarus

7,359 Posts.

256

10/07/17

08:10

Post #: 25759338
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Originally posted by capnludd ↑

There's probably a book in this. As a failed RTO it was the perfect storm - but it came in unexpected waves. In the first instance I would have said that AP was trying to avoid bad press and possible litigation that would tie the company up at a crucial and vulnerable time. In the second instance, I would guess that a pullout option had already been aborted and it was too late to take that route - plus there was a prospect of litigation. I would call the first instance the province of AWD and the second instance a simple case of a naive Vonex shooting itself in the foot. Some close to the action might know what I am talking about. Alas, lest I be liable for libel, I can say no more. That is all just my personal opinion and guesswork.

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Capn , i think it was more the inexperience of the " dealmaker " at VNX entering into an arrangement with " no break " clause.

As most people entered via AWD and never owned VNX its only the vendors of VNX that actually got shafted .

Caveat Emptor for the rest

VNX Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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