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Thursday, March 29, 2018 4:47:58 PM
"This acquisition would provide Dewmar with expanded market reach for its existing and new consumer goods. In fact, if the acquisition is closed, new products can be piloted at the 120,000 square foot wholesale facility to build up the brand's sales track record before Dewmar presents them to big box retailers. Post-acquisition, International Wholesale Club plans to add an extra 40,000 to 60,000 square feet to accommodate expected growth."
Source: http://www.marketwired.com/press-release/dewmar-international-bmc-inc-dewm-plans-acquire-india-imports-llc-150-million-annual-pinksheets-dewm-2229995.htm
If International is buying up the surrounding block, given that CE mentioned it already being about a block, then it could be a welcome sign that they are prepping for expansion, to the tune of an extra 1/3 to 1/2 of their existing facility. Many seem frustrated by Marco's silence on the merger, but if the expansion is taking place for that purpose, it could be for good reason. Any CEO or investor on the otc knows silence is your best friend when you are a start-up entering into a big deal. You let it leak too early, your deal gets crushed.
And to save the bears some wind, yes, anything could happen and it could go the other way. We've all read your posts and like the cheap shares as much as you do.
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