Sunday, August 05, 2007 2:13:05 AM
Each time I've spoken with L2I, they have said they want everyone to hear the news at the same time and the news will be included in the PR. They have said they have to clear the contents of the PR with their legal department. That means the news will have real substance. They have said they hope the shareholders are pleased with the news and that we should trust Aurus.
The most recent PR was rather significant. The Company paid its Delaware taxes. They are establishing legitimacy. I don't believe it is meant to make the shareholders happy. I
think it was a stipulation of the buyout deal.
Right now, I'm thinking that the nature of the buyout has changed but that a buyout/merger is still going through. It may even be with a different buyer. If there was still going to be a buyout of cash for all outstanding shares, why would Aurus call a special meeting to discuss a "business model?" Why meet in the U.S. to tell shareholders about recent production and discuss the financials of the past year if we're still going to be bought out for .55/share?
I think this PR is taking time because they have to get it right. In my opinion, the nature of the deal has changed and it will have to be explained in the most succinct way to avoid creating confusion.
I do believe that the Company plans to serve the best interest of its shareholders, so whatever adjustments have been made to the buyout, there will be added value and possibly longer term benefits than with a buyout strictly for cash at the heavily discounted price of .55.
These are not facts, just one investor's opinion.
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