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Thursday, August 21, 2008 11:23:34 AM
June 11 - PR states buyout interest from International buyer
June 20 - Talks with Honda
July 2 - The buyout and Honda mentioned together
July 8 - Meet with Honda Reps.
If I owned Latitude and was approached by a possible International buyer and then was approached by Honda I would say "Listen, I appreciate your wanting to do business by I have a buyout offer on the table, If we don't reach a deal you and I may do business in the future but not now" end of story.
I believe the International buyer to be a Chinese company that has added a stipulation that part of the buyout offer must contain Honda as putting engines on the boats.
JMHO if the heavy volume recently was not a large short covering from an unbeknownst firm then I think somehow Honda is being loaded for their participation in the deal.
I could be completely off and certainly will never pump a stock on a message board but something huge is in the works.
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