What a mess of a PR. An MoU for potential acquisition, not an MoU for an actual acquisition.
Principal Solar, Inc. OTC ticker symbol is PSWW.
The Principal Solar, Inc. OTC ticker symbol is not PSSW, as Brookmount and Nils today reported.
The "consolidated group." What is that?
"Brookmount shareholders will retain an 80% interest and Principal Solar shareholders a 20% interest in the consolidated group."
Does this mean, that potentially, and "anticipated" (lol), Brookmount shareholders will own 80% of BMXI and 80% of PSWW? Or Brookmount shareholders will own 80% of some other newer entity? What is the anticipated "consolidated group?"
Funny how Brookmount, that itself (as Nils) released its own Press Release, quoted its own CEO Nils Ollquist who "commented", supposedly to himself as he wrote the very PR where he quotes himself. Funny? Or lame? Scammy?
Nils Ollquist overheard himself comment to himself, who then wrote this Brookmount PR about and including his comment that he overheard himself saying to himself, as Brookmount's CEO. Laughable, for sure!
This merger is anticipated will be in the "best interests of the shareholders of both companies," which is great, and must mean that Brookmount issuing an actual audit is not in the "best interests of the shareholders of both companies."
Nils says that "The transaction will be structured such that Brookmount will retain control of the North American properties and ownership going forward will be evenly distributed between Brookmount shareholders."
Thing is, Brookmount already is structured such that Brookmount currently already retains 100% control of the North American properties and currently has 100% ownership already, and so thus going forward without Principle Solar, Inc., Brookmount's North American properties is already 100% owned evenly distributed between Brookmount shareholders. (it is, right? Or, like the Talawaan buyout, has Nils been lying about the North American properties and their current ownership?)
So, Brookmount giving Principal Solar, Inc. cash and 20% of Brookmount is good how?
Brookmount giving Principal Solar, Inc. cash and 20% of Brookmount is in the "best interests of the shareholders of both companies" how?
Brookmount states that, "Under the terms of the MoU, Brookmount will initially acquire, for cash and shares, a controlling interest in Principal Solar.". OK, who or what then will own the non-controlling interest in Principal Solar?
Will there even be a non-controlled interest in Principal Solar? Won't Brookmount own all of Principal Solar's shares anyway as part of the anticipated "consolidated group"?
Brookmount "will initially acquire, for cash and shares, a controlling interest in Principal Solar." What then after the initial acquisition, something else too?
And why not just announce the actual acquisition when and if it occurs, rather than PR about a "potential acquisition"?
And then again, it's only an MoU for a "potential", not an MoU for an actual.
What a mess of a PR!
Standard Nils Ollquist:
Tease, lead-on, fall short. Tease, lead-on, fall short.
.
AI
