looks like, and correct me if i'm wrong, that the acquisition of Stemtronics, is really a brokering deal, whereby the patents will be sold to a for-profit medical company, in which WEHI will get equity stake, which somehow gets them cash or leverage, and continue with buyback of stock.
WACO is a MM correct? since WACO is advising them, are they on the bid or do they show up on L2?
June 30, 2008 PR, exerpts
The acquisition will be will be financed with restricted shares of WGL Entertainment Holdings, Inc. At the completion of the transaction, the patent rights will be transferred to a public medical equipment company for an equity stake and shares in the company.
"This will provide WGL Entertainment Holdings, Inc. the capital necessary to retire its convertible debentures and begin the stock repurchase plan as previously announced. WACO Capital of Houston, Texas will advise WGL Entertainment Holdings on this and future acquisitions," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. "Diversification will significantly increase shareholder value and revenues as we continue to execute our business model in the future. Additionally, the 'WGL Million Dollar Shootout' reality television series continues to do very well in its southeast regional airing on the CSS network. The beginning of the national airing of the MDSO has been moved to August 9th to coincide with the PGA Championship."
AI
