RE: Re re merger announced Marshall has a good track record with Zenon and with WESA so I would think he's on the right track here. Secondly, I don't expect that he would jeopardize the WESA success by putting together a bad deal.
All that being said, here's my thoughts on why this is happening. WESA is not a publicly traded company and the process of going public can take time and many resources from WESA. Wouldn't it be much easier to just merge with a public company?
If you recall, my questioning of why Seprotech got credit for the large contract when WESA was doing 90 or 95% of the work. I guess this contract was setup that way knowing this merger was coming down the pipe.
Is this a good deal for Seprotech shareholders, time will tell? If only to prevent the collapse of Seprotech then yes it is a good deal. Can the expertise at WESA help the development of the products and markets at Seprotech? There are a number of patents at Seprotech that I don't think they've got them developped into marketable product lines, but not sure on that.
OR, will they just let the current Seprotech side just slowly die allowing WESA to get the public trading status that they want? Maybe that's the best scenario for current SET shareholders.
Hopefully more information will flow out over the next few months. The more they can provide positive information and keep the shareholders interest high, the better chance the stock will do well when it re-opens.