TSXV:MRS.H - Post by User
Post by
SchiffKnowsBeston Nov 28, 2018 7:55pm
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Post# 29036869
The Most Telling Piece Of The Last NR
The Most Telling Piece Of The Last NRI think this may have been the biggest hint in the most recent NR:
"The effective date of termination of each of the engagement letter and the fee agreement was Oct. 26, 2018."
We can then match that with this:
https://www.pacermonitor.com/public/case/25584497/Viking_LifeSaving_Equipment_America,_Inc_v_Unifire,_Inc
To note there is that a settlement was made between VIKING and UNIFIRE on October 24th.
So the two are likely connected since only 2 days apart and who needs cash if Federal Resources was going to pony-up for an offer?
Here's how I think it went down....
-Federal Resources starts to get wind of potential settlement being made and knows their time is now up.
-Federal Resources gives Jeff a call on October 25th wanting to resume negotiations.
-Federal Resources and Jeff agree to general terms but still no official deal made as of yet.
-Jeff further plays out his hand and shows Federal Resources the term sheets he can get if they don't pee or get off the pot.
-Federal Resources may have finally made a deal recently that is contingent on MRS receiving the European Flex9 patent and on finally acquiring UNIFIRE.
-I see that once both are complete that they come forward with a deal that is already made or to be made.
Just my 2 cents but they need to act.