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Alias Born | 07/06/2014 |
Thursday, July 28, 2016 6:50:21 PM
This was in the public eye for a year and it couldnt go through, which is very disappointing. In talking to various folks involved, my understanding is that the failure, so far, is not due to AVLP's lack of effort to make it happen, but in fact quite the contrary - they sunk of ton of time into the deal which largely they don't get paid for. The door remains open for a future deal, but I don't know if it would be on the scale of what they were shooting for.
In the meantime, they are continuing to work on the Restaurant side of things with RCG, as well as other deals that have not been announced.
Certainly this is a big setback after waiting so very long for something that appeared to be a slam dunk, oh well, that is bound to happen sometimes, but I don't want to see a pattern of it, that's when I would get concerned. Let's see how they are able to capitalize on the upcoming next opportunities. In the meantime, the stock appears to be dead with virtually no volume or interest, as continues to be the case with this board.
Also they are catching up with all the SEC filings that they fell behind on and we should see them in short order, though my guess is that there isn't a lot interesting news, but hey, surprise me willya?
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