Letter of Intent DD & Report... How Much Equity Interest Do We Have?
Thomson Financial's (TF) Worldwide Mergers and Acquisitions database covers public and private transactions involving at least a 5% ownership of a company.-alacrastore.com
These guys will not cover an acquisition or merger without 5% ownership and they are working on a "Detailed Transaction Report" as of July 10, 2010. This means: we will own at a bare minimum 5% of Astrablu.
However,
Most recently, Mr. Veve helped launch Astrablu Media in Los Angeles where he co-produced National Lampoon's "Cattle Call."-Marketwire Oct 18, 2006
"Helped Launch Astrablu Media" in 2006 could push the equity interest up higher depending on the degree of help, 50% if equally partnered with CEO Josi Konski.
What I gathered from the REPORT:
SDC Deal Number: 2197551020
Date Announced: 29 June 10
Status: Pending
Deal Attitude: Friendly
Target: Astrablu Media Inc.
Acquirer: Verde Media Group
No Target Financials available yet...
No Acquirer Financials available yet...
The last LOI that William Veve was involved in as VP of SMMW was completed in 21 days. I'm not sure of the details, but found this blog on allstocks.com
"And certainly the referenced closing timeline of 21 days (from PR date) is a major plus, as similar such was the case re our once acquisition LOI with Lisker, and closing same came to pass as anticipated and even sooner. And, so, definitely bodes well."-themountnman 12/5/2006 1:31:24 A.M.
If the same holds true with HMIT, then we are looking at 7 or 8 days till the merger/acquisition is completed. I hope this DD helps for those having a difficult time with patience.
-Hazcat7
