Post by
uograd on May 25, 2016 9:19am
Impossible to separate fact from fiction here
Reading on stockwatch this morning, they noted that the shareholders of changchung only approved the financing on May 20th. If that is the case then under no possible scenario could this deal have closed in April so why were we lead to believe it would right up until almost the end of the month
I know Bill Andrews and he is a reasonably honourably guy within the limits of running a public company but I have absolutely no confidence that he has any better idea than anyone else if Changchung actually have the money. He also told told us the last two offer were done until they weren't.
the update on the website said nothing if you have been around here for very long. It is just a recap of things.
Will this ever close? Who knows. I certainly don't. I think the Investment Canada thing will work itself out but whether or not these guys really have the money is a very tough call.
Fact or fiction, it is just hard to know what is what. What I can tell you is pure fact is that the bankers who have held their tongues and let this play out are getting more and more frustrated with the delays than even the shareholders.