I've been watching this since right before the July 24th p.r. about the r/m. Since then they have put out bad p.r. after bad p.r. and have been stringing everyone along. They don't even bring the r/m or acquisition into the p.r.'s all that much any more when before it was the biggest things in the p.r.'s. Now, and over the last month and a half, the r/m or whatever it's going to be has been religated to the back burner of the "we just have to mention this so we can string our shareholders along" part of the p.r.'s. They've even come out and said that they had more companies inquiring about doing a r/m with them AFTER they had been in negotiations with the first company for over a month.
Here's the bottom line. The r/m or acquisition is probably non-existant. They did this same thing back in june if I remember right only to come out later and say that it was dead. The whole time they were stringing people along. Bottom line-------- They are doing it again. They either lost their merger partner by going after the one in the bush or there never was a merger or whatever you want to call it at this point.
Back in July, I kept in constant contact with Mr. Watkins via emails. I posted them if they had anything pertinent in them. When the rumor went around that the deal was done Mr. Watkins quit returning my emails all together. Then a few days later, after the deadline had passed, they put out that they had more suitors for the r/m. My thought was bird in the hand worth two in the bush. Like I said, either they never had a r/m in place or so chose to go after a better suitor and some how screwed it up and now even the first suitor won't deal with them. Anyway, these are facts where they pertain to what CCMJ has done with a bit of my opinion in there concerning if there is even a deal.
In closing, imho, there is no deal of any sort. They messed up any deal, if there was one, and now have no suitors because of the economy turning bad forced any and all suitors away from the table. Afterall, who wants to take on a company that has no redeeming value when you can't sell yours or their products. AND PLEASE, KEEP IN MIND THAT WITH THE CREDIT CRUNCH, IT'S GOING TO MAKE IT ALOT HARDER FOR ANY COMPANY TO COME UP WITH THE CASH TO BUY THEM. So please, think twice before you buy here and consider that the company has put out nothing solid concerning the r/m or whatever it is for quite some time.
Except where historically factual, this is my opinion.
