Eurocontrol Technics Ord EUCTF

Rowland's Update

[shawshank]

Aug 27th LOI was announced with 
SICPA I believe it was with a defined timeline
to become a definitive agreement
Sept 16 2 plus short weeks later EUO issues 
press release to advise delay due to Jewish 
holidays of Sept and distancing language from
defined timeline to an indefinite as in unknown 
timeline

since the Jewish holidays of Sept are openly 
applicable and relevant to the Isteali RandD arm
of the company and nearly 6 weeks have passed 
since any update on the SICPA deal was provided
publicly the conclusion to make that this has proven
a tougher sell for Rowland's on the Israel end 
signing of than he possibly originally rxpected

if for some reason the SICPA deal falls thru vs us
seeing some differentiation from the LOI items
and conditions and possibly valuations I expect 
Rowland's would step down


We are soon into November 2015 without a public
update vs select communication on the SICPA deal

This is taking longer then the second coming of chrisy
in lite of the Jewish holiday excuse- to close and given 
the actual size and scope of the original lettrr of intent
one has to start raising an eyebrow as to why no further
update has been privided

inquiring minds are worth noting

sent from my iphone

SS