Grupo Resilient International Inc (GRUI)

[kstorm]

My speculation:

HISC's pressure to perform for the shareholders in the CC, once announced and already once delayed, may have made T. M. believe he had great leverage to make unreasonable demands...and acted on it. Perhaps HISC needed more time but didn't feel they could delay the CC again. [It seemed like there was uncertainty and they didn't have the details of the CC until a few days prior.]

I think the CC flat out rushed the negotiations and they may still BE in negotiations. Inflections in TM'S voice sounded like he was 'holding his cards close to his chest.' He needs a shell; HISC needs a company. Negotiations broke down but the show still had to go on.

They may have planned on putting TM in the CEO chair and when they didn't have anyone, FM, in the heat of a discussion about who was at fault, went out on a limb and said OK THEN, I'LL DO IT! His words were short, making me believe there is some kind of current misunderstanding.

However, we are coming down on FM hard here. He may still be an active and important HISC team member.