reposting of earlier thred

Hi All AED holders.

I really glad that AED might be off the hook, what a great deal if it happens.

I think I should re-post an earlier thread written on the 29th Feb (see below) by me explaining what happen to the Rover Car Group in the UK, (poorly written mind you). With the aim to try and bring back some celebration that a deal is done!

As a deal not done until the money in the bank so to speak.

It worth watching what happens and how it goes from here.

Have a good weekend all

PC43


Here the main thrust of my post with edits to winding up CBRO taken out.



Assume they get hit with a Chinese deal like the British Rover takeover.

Basically takeover/farmin partners agree to a deal, then they delay and delay, ask for more information, need board approval, more information until they are the only guys in the running.

Delay some more, ask for a price reduction, watch AED cash position become even worst.

Delay again.

Then again

Then break the deal due to some excuse.

Company left with no place to go but receivership.

Then offer to help out the receivership chaps by buying Puffin and other EP areas for just more than the current bank debt and receiver fees.

Deal done and share holder get sweet FA.