RE:RE:RE:RE:RE:New Press Release - Laurion Announces Next Steps with a Leading Financial Advisor to Explore Strategic OpportunitiesGood morning All,
At least we got a PR and something to post about.
I had a look at the PR from Aug 2023 and one thing that stands out:
"Pursuant to an agreement with a director of the Corporation..."
Today's PR states:
"The Corporation has entered into an engagement letter with a financial advisory firm..."
Also today's PR states that the Corporation has entered into an engagement letter, the Aug 2023 PR states that the Corporation paid a financial advisory fee with the expectation that this will assist the Corporation and its recently formed SC with continuing to explore opportunities and potential transactions.
If someone with more knowledge on M &A can comment, what is the difference between the agreement with the director and the corporation, and the engagement letter. I might be reading too much into it, but as this PR was most likely drafted or reviewed by a legal person, I am sure there is a difference.
One final point, the PR does not name US Capital Global, but does say the firm shall continue to act as Laurion' lead advisor.
Personally, I am bullish on this PR.
TraderRC