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Re: None

Sunday, 01/03/2010 4:12:40 PM

Sunday, January 03, 2010 4:12:40 PM

Post# of 36
SPHE potential acquisition in the works !

Do your DD, SPHE is now a profitable company, you dont want to be on the outside if this thing happens.



Brainhunter (BH)TSX

SUMMARY TIMELINE OF IMPORTANT DATES

Court approval of Sales Process and Stalking Horse Bid.
December 8, 2009

Potential bidders notified; release of Globe and Mail advertisement.
December 8, 2009

Data room access granted to parties who execute NDA.
December 8, 2009

Period for Due Diligence.
December 8, 2009-January 13, 2010

Bids due.
January 13, 2010

Qualification of Bidders.
January 13, 2010-January 20, 2010

Notification sent to Qualified Bidders.
January 21, 2010

Indication of intent to participate in the Auction by Qualified Bidders.
January 22, 2010

Auction.
January 25, 2010

Court motion to approval Successful Bid/call a meeting.
January 29, 2010

Transaction close if sale.
February 5, 2010

Transaction close if plan of arrangement.
March 20, 2010

http://74.125.155.132/search?q=cache:T4Dpb_uNmuQJ:www.deloitte.com/assets/Dcom-Canada/Local%2520Assets/Documents/Insolvencies/Brainhunter/ca_en_insolv_Brainhunter_DraftOrderreBidProcessetc_120809.pdf+brainhunter+potential+buyers&cd=2&hl=en&ct=clnk&gl=ca



From SPHE Financials...

"the Company pursued during the year its search for acquisition and roll-up opportunities,
which continued to be funded by Spearhead`s Investor Group. In 2008 the Company conducted evaluations of roll-up opportunities and strategic acquisition targets in Canada. The Board and key investors have agreed to renew the loans joined by a forgiveness of partial interest that contributed to operating profit
position. "

This is from the 2008 Financials!

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