Hey guys, this news just proves that these guys have bigger and better things up their sleeves. The merger is done, we know this, just have to wait for announcement. This also confirms the fact that TADF has been focusing on the International arena, while Tac-air continues to focus on their existing contracts in the US. THe master plan is starting to take shape, maybe even bigger than what any of us envisioned on this board. Excerpt of pr below:
Pursuant to the LOI, through Tac-Air, the companies shall enter into negotiations with a certain allied foreign government to purchase (the "Acquisition") up to 15 military aircraft and related aircraft assets. TADF and Tac-Air intend to use the aircraft to bid on upcoming tactical aviation contracts as well as to deploy on current Tac-Air contracts with the U.S. Department of Defense.Additionally, pursuant to the LOI, TADF and Tac-Air shall share 50/50 all future profits derived from the operation, sale, lease, or any other use of the Aircraft. Tac-Air has the personnel to fly, maintain, and operate the Aircraft as well as the experience to manage any related government contracts and maintain operation control of the Aircraft. TADF has the resources to fund and the experience to support the Acquisition and the operation of the Aircraft.
If successful in closing the Acquisition, TADF believes, but cannot guarantee, that the Aircraft could generate revenues of between $15 million and $20 million per year for TADF and Tac-Air in the aggregate, and that the Aircraft or some portion thereof could be operating in support of a tactical aviation contract within 30 days of closing the Acquisition.
In the event that TADF and Tac-Air close the pending merger between the companies while the Aircraft are in operation, the combined financial benefit and ownership of the Aircraft shall inure to the combined entity.
