RE: Chemical Co. did their Due DiligenceHi Midas.
You said, "When the joint venture partner on the NYSE is announced I think the stock will be worth $2.00
When the Government accepts Erins proposal I think that the stock is worth $5.00"
If Erin has not stated the name of this company to protect them, would they not continue to do so until they receive word of the Govt accepting the deal? What happens if they announce the name of this company and then the proposal to the govt is not accepted?
My guess is, the partnership with the US company is conditional upon the Govt approval and thus Erin will not announce one until the other happens.
Any thoughts?
Lamont