GREY:ENGFF - Post by User
Comment by
BRITNICK27on Jul 29, 2008 7:03pm
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Post# 15341250
RE: UNX - still scratching my head
RE: UNX - still scratching my headThanks JRL. What this tells us is that the deal was indeed negotiated since the April announcement. UNX actually committed to more of a hit. Original deal was 5 million in cash and stock.
Now we have 1.5 in cash, 2.1 in stock, 2.0 in a committment to spend plus the warrants. If the warrants are worthless UNX are still laying out 5.6 million.
Katti has actually agreed to less if the warrants are worthless but UNX don't get a better deal than what was released in April.
Sooooooooooo Katti must be comfortable with the warrants and UNX must be comfortable with the extra outlay, I wonder why????