Monday, September 20, 2010 9:31:25 AM
News is coming, but not immediately. I would focus on later this week into next week.
Based on the PR, the board is reviewing an offer that sells between "18% to 30% interest in SRE". What does that mean? Well, considering the fact that SYNJ's offer was for 20%, it seems to me that the other company counter-offered and stated a range based upon various factors, IMO.
What I think is happening is that the other company is interested but will want a varying share based on revenue, their involvement (expertise) used to get to production, etc. Makes sense to me...is what I would do.
That kind of a deal requires some analysis. Also, not likely we will be told of the deal until the money is actually in SRE hands.
All is IMO...
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