Litigation StayOnly 2.5 weeks left until the 90 day stay is over. I'm basing that on the court filing day of March 9. One of three outcomes are possible:
1. Agreement - Ag Leader and AJX come to some sort of go forward business agreement. I doubt this will happen
2. Extension - Both companies feel sufficient progress has been made to ask the courts for an extension to continue talks.
3. Back to court - The companies fail to reach a settlement. I think this is the most likely scenario
There is a bit of market speculation that both companies could merge to resolve the situation but I wouldn't put too much weight behind it. I would however highlight that AJX management would be exceptionally well compensated in the event of a change in control so the incentive for them to sell or merge the company exists (based on disclosure of change in control compensation in the 10K/AIF).