Re: Hazy language in Sept 17 PR.
I'm interested in what people think of the following statement in yesterday's PR:
"Current Franchise Capital Shareholders are not expected to be required to tender shares as part of the close of the transaction. Aero Exhaust shareholders will, as part of the close, tender their shares of Aero Exhaust..."
I'm "slightly" concerned. As far as Aero tendering shares they use the words
"WILL..tender their shares"
I would have liked the same kind of certainty as to FCCN shareholders. For example, it would have been better if the PR said the following:
"Current Franchise Capital Shareholders WILL NOT be required to tender shares"
Instead it says, "Current Franchise Capital Shareholders are NOT EXPECTED to be required to tender shares..."
There's a difference. And since they used terms of certainty as to Aero shareholders, I don't think it's off base to consider why they used an uncertain term as to FCCN shareholders.
Since this is the way FCCN chose to structure the PR, it tells me they haven't finalized these details yet.
Please discuss various possible scenarios. The PR was carefully worded and I believe its constructive to discuss all angles and not just see things as we want to see them.
