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Bullboard - Stock Discussion Forum Commercial Solutions Inc CSOSF

Industrials Industrial Distribution

GREY:CSOSF - Post Discussion

Commercial Solutions Inc > transaction break fee
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Post by Gonzo2 on Jun 07, 2013 9:55am

transaction break fee

Am I reading this right?  IDG walks away from a transaction to takeover Commercial, but yet retains the right to a break fee to September, 2013?  And the board of Commercial has renegotiated this fee down to 435,000 dollars until March 2014.  What kind of stupid LOI was signed?  Now we know why Commercial isn't getting ahead.  Seems like the board of directors for Commercial is way over its head.  Unless I don't see something here, this is the most asinine thing I have ever heard of.  What a joke.
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