Finally, they've reached a deal after lengthy negotiations. It looks like they didn't get the deal they were after all of these years. The PR says they got " a cashless acquisition of worldwide rights for a family of single engine Turbo-Prop industrial aircraft." They must have been after a deal that would pay NEIK to take this company off of someone's hands. As it is, they're just getting it for free. <G> No wonder negotiations are taking so long. NEIK was driving a hard bargain!
This is their standard empty PR statement that we've seen so many times before. First, the deal "enables" them to get a cashless acquisition. It doesn't say they actually agreed to a cashless acquisition. It merely "enables" them to get a cashless acquisition. Read the PR carefully … As further stated, they are "working with that company to secure the approval of this agreement". That means they don't yet have it so negotiations continue. Second, every sentence following that wordplay talks about what they intend to do in the future. "Northstar is planning an international expansion …"; "Northstar plans to leverage its new aircraft design features to become a leader …"; "we can now focus on working with the overseas company to eventually reach the stage whereby Northstar will be manufacturing the Aircraft."
There's not one hint that they are beginning the execution of these lofty goals. This is a list of things that they'd LIKE to do if they could just finalize some kind of agreement with somebody. It sounds rosy until you read what they've actually said. In summary, they will continue negotiating while dreaming of what they'll do if it ever materializes. Yeah, right. I've got "plans" to be the world's largest philanthropist myself. If I could just get my hands on a whole bunch of money ….
This ought to give them another couple of years worth of existence with this dream.
