rattle, this is only a guess, but let's assume they got a feeling that there was no large contract coming and it was just going to be an occasional sale of a few units and sustainment equipment for the foreseeable future.
They already changed their WSGI deal from a combination of cash and stock to all stock. Either the cash was not there to give to the Hess's or they were convinced to take more stock in lieu of cash for the good of WSGI and a bigger payoff later. 5 months after the all stock deal, the stock price was in the tank.
Were they getting a paycheck and how much was it to maintain their salaries, contractor expenses, and any employee expenses from both LTAS and Aerial Products?
Where did money that was received from LTAS sales go? Did a portion go toward WSGI expenses and legacy issues? If the LJC court case went against WSGI, how would that affect the distribution of future revenue to the Hess's from their LTAS sales? I think the Hess's were probably getting a bit anxious about their WSGI relationship and how it was affecting the bottom line of the business that THEY had created. I don't think they could or wanted to play the waiting game and risk losing more equity.
It was interesting that the recent sustainment order and also sale to OH did not do much to DRNE in terms of volume and share price. Same reaction as when they were with WSGI - nobody gives it much credibility.
AI
