RE:RE:RE:RE:RE:Nice move today!WarthogARJ, you mentioned that: the deal was brought to them by a 3rd party, but this is where I need clarification. On SEDAR's website it states:
Over the course of 2013 and 2014, the Company was approached by several parties with respect to their expressed interest in making an offer for the Company and/or its assets. The Company entered into confidentiality agreements with some of these parties and held discussions with them. On or about February 14, 2013, Ian Rozier, President and Chief Executive Officer of the Company, met with the principals of P.R. Finance Inc., an arm’s-length third party company. Even though the Company was not looking to put itself up for sale or sell its assets at the time, periodic discussions with P.R. Finance Inc. throughout 2013 and 2014 relating to the potential sale of some or all of the assets of the Company resulted in the Company agreeing to pay P.R. Finance Inc. a finder’s fee based on the successful conclusion of a disposition transaction acceptable to the Company in its sole discretion.
If they were approached by several parties with an interest in making an offer for the company then why did they have P.R. Finance involved with a large finders fee?