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Re: wadirum1 post# 56435

Wednesday, 11/07/2018 9:25:28 AM

Wednesday, November 07, 2018 9:25:28 AM

Post# of 79329
What am I missing or misreading?

They are not buying SSOF as a whole, just one unit/part of the entire SSOF business portfolio. It’s like General Electric selling its Aircraft Engines business, but keeping the Appliances and Healthcare businesses.

Quote:

“Letter of Intent (“LOI”) for certain assets to be acquired for cash and stock by 10sion Holdings”

Key words... “certain assets”

Quote again next paragraph:

“The intent is that 10sion is willing and able to purchase 665 Energy’s Fluid End Sales for an agreed sum of $10.5 million plus equity and”

Key words... “665 Energy’s Fluid End Sales”.

They didn’t mention the SSOF entity as a whole, just a portion.

What am I missing or how are you reading this that we differ in opinion?
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  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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