Aurora Acquisition Corp (AURC)

[Lochan]

This is my read on the PR of 4/24/07: When Aurus made its counteroffer of .68, the BOD was recommending that shareholders accept this as the current value of their shares. If production were fully ramped up over time, shares of AURC could be valued between $2 and $3. The BOD felt that based on their negotiations, the buyer would accept the price of .68. Instead the buyer came back with an offer of .55.

The BOD could not accept this price, convinced that the current value is .68. I think they have struck a deal at .62 with the difference being made up in the form of the stock dividend (10% more shares with the share price discounted 10% from .68 to .62). Will know more hopefully within 24 hours.