GE Capital Fleet dealRemember the PR On April 19 1999 when AdvantEDGE proposed partner in Mexico with GE Capital Fleet Services Division (GE CFSD):
"As part of the proposed joint venture, AdvantEDGE would grant to GE Capital
Fleet Services an option to acquire up to 19 percent ofAdvantEDGE's
Subordinate Voting Shares. The Warrant prices are CDN$1.75 if exercised by
August 31,1999; CDN$2.10 if exercised by February 29, 2000 or; CDN$2.50 if
exercised by August 31, 2000."
I wonder what will happen - or had happened - to that deal?
Why didn't GE CFSD use the option at $2.10 in February when they won the Mexican contract?
Wasn't this contract enough to convince them to invest in AII?
Are other contracts such far away to make them willing to wait a little more?
Maybe they prefer to buy at $2.50 and have time to see what value the market put on the company?
If the stock price is under $1.00, why would they pay $2.50?
Or had they already decided not to invest in AII?
Time is getting short.
What is the odd that GE CFSD will buy AII at $2.50 before August 31, 2000?