Wednesday, October 22, 2014 11:04:39 PM
This part in particular doesn't make any logical sense at all to me.. and is the least practical business decision I've ever heard.. but I don't know the source of where this came from so I can't really say much about it.
So why are they acquiring STS to make them a subsidiary? Well, because the STS management believes that this is the best they can do to try to make things right with the previous SEVM situation. They actually could have moved forward without looking back as I have seen what many other companies had done. They deemed it fair to acquire SEVM, or the majority stake, to help those STS shareholders that had suffered from the previous ”actual ownership” to be brought along for the growth that they believe they will be experiencing with STS. This allows those shareholders that bought SEVM to be part of their original intentions of growth from STS. By purchasing the controlling interest, they could bring STS under their controlled entity (EVRM) as a subsidiary to experience growth from news they could then release upon purchasing the controlling interest. As per EVRM’s last PR, that is in the process of being completed.
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