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Thursday, April 18, 2024 3:29:52 PM
When AFFU announced they were submitting an LOI with the intention to acquire Durham Black in the January 30 press release, they indeed announced Durham Black company name... They then as a follow up in the Press Release announcing the 3 company's they intended to acquire they stated that the Definitive agreement with Durham Black would be completed in a definitive agreement with Durham Black and Contrivian in a FEW WEEKS.
So why did they name Durham Black in the first PR stating they were going to acquire them but not in this last PR saying they were going to acquire 3 more.
The answer is very simple but many missed it, Durham Black and Contrivian are both private company's and no NDA is required unless either of them asked for it. The 3 NEW company's are almost 100% for sure public company's and none of those company's want their current shareholders to know they are about to be sold... that for the most part can take a stock if they are not crazy about going to the new company acquiring them. So everyone who did not understand that, you now know almost for sure that we are getting public company's in this deal.
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