It seems very strange to me that this ann in the same breath tells us that Pattersons pulls out and there is a an extension to the SSP. It looks more and more like Pattersons may have been demanding some kind of a detailed report on forward projections for the rest of 2010 which was not available when the deal was first put together. With pressure mounting as the end date drew close terry Barrs hand may have been forced into producing something before the 10th, otherwise no deal. So on the 11th hour its finally produced. After reading it they dont like whats in it, because they were thinking it was something much better just as we did,and they knock it back triggering the clause. And Terry Barr now has no option left, but to publish it to the market because of leagal obligations.
This is pure speculation but its the only way i can make sense of putting out this ann at this time,otherwise putting out an ann like this when you are trying to get the SPP over the line is bordering on insanity in my mind.
So now Im left with 3 scenarios 1 Pattersons 2 typo error 3 my whisky theory in earlier post.
I think I need i few Whiskeys myself after a day like today.
Cheers everyone D
SSN Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held