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Brandy0815   Thursday, 11/19/15 02:09:49 AM
Re: None
Post # of 10 
I told you to keep an eye on Slyce ??

Huge News ! Maybe several 100% today ????

Dear Ladies and Gentlemen:

After many unsuccessful attempts to contact Mark Elfenbein on November 18, we are left to assume that the Board is not interested in further engaging with us regarding a strategic go private transaction involving Slyce, Inc. We are confident that we are well-positioned to swiftly consummate a transaction that will be in the best interests of Slyce, Inc. stockholders. We strongly believe a transaction involving our companies has a compelling strategic advantage and we demonstrate our firm commitment to bringing our two companies together. Outlined below is an updated proposal for the Board's consideration. 

We propose to acquire 100% of the outstanding capital stock of Slyce, Inc. for a price of $0.85.

A private Slyce Inc. (PrivateCo) would have the ability to deploy technological innovations across an enormous footprint, creating an unmatched ability to deliver the best experience to the largest number of consumers and service providers alike. We are confident that the operating outlook for Slyce Inc. in a private company scenario would be substantially improved over its current prospects.

We believe the work required to finalize a mutually agreeable transaction would be quick, and we can manage it efficiently so as not to disrupt the Slyce, Inc. day-to-day operations. The definitive terms of our proposal could be agreed in the course of a week and completed within a few months, as promptly as the regulatory processes permit. Our proposal is not conditioned on the receipt of financing. 

Our strong preference would have been to work with you on a confidential and cooperative basis. However, we have been unable to develop any meaningful dialogue with you for many days now and were disappointed by your unwillingness to open discussions with us following our many attempts to contact you. Furthermore, in light of the decrease in the Slyce, Inc. share price during the days that followed our November 17 letter to the Board expressing an interest in discussions, and further decreases following our November 18 attempts to contact you with an acquisition proposal, we determined it was advisable to publicly release the text of this letter concurrent with its delivery to the Board to ensure that your stockholders are fully apprised of the significant value afforded by our proposed transaction.

This letter does not represent or create any legally binding or enforceable obligations. No such obligations will be imposed on any party unless and until a definitive agreement is executed.

I assure you that this transaction has the highest priority for Quest Ventures. We look forward to working towards a transaction that creates value for all of our stockholders and, as we have indicated previously, we are prepared to meet with you immediately to discuss the same.

James Beals
Chief Executive Officer
Quest Ventures

Read more: http://www.benzinga.com/pressreleases/15/11/m5985202/quest-ventures-proposes-to-acquire-100-of-slyce-inc-for-0-85-per-share#ixzz3rsxTYd6k

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