Aurora Acquisition Corp (AURC)

[salmon102]

Guys I live in London and last night I got a call back from a source in the city who I knew was involved with this company regarding the DD. What he told me made a lot of sense in whats going on and the likely outcomes in the next few weeks. Apparently AURUS CORP have been unhappy for a while with the share dealing in the states and have been looking for ways to escape the American market. They looked at symbol changes including cusip changes and all the other clever ways of beating naked shorts . The board could not decided which direction to take until recently when ,it was put to them that leaving the american market was the only sensible action. So a buyout has been concocted, but what is interesting is that this is "all" an insiders way of getting control back in the least expensive way. In other words the offer is low because they are all in it together ie its going back to mother Russia as cheaply as they can get it
So do not be surprised if this offer is accepted by the board with little resistance
Why 38 cents and not less I asked,Well because believe it or not that part is genuine, apparently they had a number of private individuals who were prepared to put pump priming money into the operation and this offer was the most generous for the share in the company that they are willing to give up ( it only looks like a take over),so if this is true what we should seen in the next few days are some interesting arguments from the company as to why this offer makes sense