TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 26, 2022 1:36pm
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Post# 34923038
CFIUS rejection due to NOT KNOWING WHO THE BUYER IS....
CFIUS rejection due to NOT KNOWING WHO THE BUYER IS....I read the rules of filing a notice with CFIUS and the funding requirement is not reviewed by CFIUS. This is not the reason why the notice was rejected.
This is what is reviewed by CFIUS in the notice:
(a) A notice must include substantial information regarding the nature of the transaction
(b) The nature of the business to be acquired
(c) Identification of its government contracts
(d) Information about the identity of the foreign acquiring person
(e) Extensive personal identifier data for all officers and directors in the ownership chain between the direct acquirer and the ultimate foreign parent to permit background checks by the US government.
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The issue arises with point (e) in the notice itself, which is verifying all of the officiers and directors at Viston.
A background check of Mr. Roch at Viston would reveal that he does not have $ 450 million EUROS in assets.
So it comes to light that he cannot be the direct buyer and must be the front for some other entity, but who is this entity????
Being unable to confirm this, the notice was rejected.
Lawyers for this mystery buyer will find another solution as the funding issue is not the problem, it is in keeping the real buyer secretive.
My personal opinion,