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Thursday, January 28, 2021 10:04:32 AM
I've spent the last 5-6 years trying to put deals together like this. I'm no expert, but I've been in the trenches.
In fact I even contacted AASP many years ago to see if I could work a deal with them. They indicated back then they had their own deal in the works.
AASP must increase the authorized for two reasons. The first reason is they will need shares to sell to the target so the target can become the majority shareholder.
Once the target becomes the majority shareholder, the target will install a new corporate structure and take control of AASP.
The second reason for the increase in authorized is because once the merger is complete they will need shares to sell with a PPM in order to raise money to expand. That's the most important reason and urgency.
I was just in Vegas. It looks like the Boreta's have their hands full with a gigantic nightclub/ restaurant called Rockstar. I'm just guessing, but logically why spend money and time messing with 20 year old,AASP when their plates are already full opening up a nightclub?
I could be wrong, however logically one doesn't detail their car when they list it with Auto-Trader. They detail it when a buyer looks at it.
Normally I'd say we had a 50/50% chance of them either preparing, or if things were fastracking.
The major signal it might he going down ASAP, and is why I loaded again is,.... the buying out of nowhere over the past two weeks.
Many times buying like this on an empty shell, that not being pumped, comes from insiders, family members and friends of the principles.
The next thing we should see is a change in control. At that point it will be too late to buy because the word will be out.
SPEA went from $0.10 to $7.00+ in a day..
Cheers!
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