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Re: Arthur Edward Whoof post# 316782

Friday, 05/30/2014 1:17:17 PM

Friday, May 30, 2014 1:17:17 PM

Post# of 375420
I think the bigger issue for me in this PR was that they mentioned the following:

The firm is establishing an escrow account for the final closing on our previously announced acquisition.



If they are establishing an escrow account, as in not finished yet, this leads me to believe this would finalize more towards the end of June. Establishing the account and then running through the escrow contract itself has an average of 30-35 days from mention of acquisition IF the escrow account is already active. I don't really know of the implication when it isn't an already active account and what kind of delay that creates.

That's why I said it's hard to tell what this firms true involvement is in the acquisition process here. If QASP needs to wait on this escrow contract process, then we're looking at a month unless they can burn through the process but that'd still be a couple of weeks away. If they don't actually have to run through the same process then sure, it could be next week. We just don't have enough information at the moment.