The impression I got was there was a big surprise on DCUT's
side of the equation at the final moment, which was not
discovered during the due diligence phase by Laoshan.
Laoshan was pretty tight-lipped, siting covenants under the
LOI arrangement for not being able to fully discuss the
matter. It was pretty hard to get any specifics, or
particular reasons, out of them. But, from the answers to the
questions they did answer, and the tone of the responses,
they just sounded disappointed. As part of my agreement with
Laoshan, I promised not to reprint any of the correspondance
with them. Since I want to follow this development where-ever
they go, and be included in the future, I will honor that
request.
A lot of reading between the lines, looking at the stock
price, and lack of any further press releases, leads me to
conclude that it is over.
I guess we will have to wait until either DCUT or Laoshan
put out a press release.
