Benefical for buyer to close end of Month
By: 1nyguy
20 Mar 2006, 03:07 PM EST
Msg. 37813 of 43822
(This msg. is a reply to 37800 by same53.)
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same 53,
I always read 100 posts of a company, I am thinking of putting my money into.This way I could determine who the real longs are and who the shorts are and how many aliases they have.So yes I have read posts by all of you.
As far as the negotiations,and this is only an educated guess,is there finished.
If I were representing JPHC,I would never let them dilute the company by 1,000,000,000 shares unless I had something in writing that this was a done deal.
The time now is spent documenting everything that has been agreed upon and filings with the SEC.
Some people think you just hand over the keys to the other guy and he gives you the money.LOL Wish it would be that easy.
The truth of the matter is the poeple representing the banks and the Title Company.That's the company who takes responsibility that everything JPHC says is in fact true, is the ones who will decide when this will close.
The title company is a company that insured the fact that the new buyer is getting what he thinks hes getting.They can be sued if their wrong and it costs the new buyer additional monies once he takes over.So this takes time.
Had I thought the negotiations weren't going well,I would have put up a red flag for you guys,whether you listen to it or not,is your choice.But there were times when I was learning, that I would have liked someone to tell me something that doesn't look right.As far as I could see it is just a matter of time now.One other significant detail is,it is to the benefit of the new buyer to close at the end of a month,rather than the beginning.He will skip one months payments by closing the last week of the month.
NyGuy