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Re: None

Sunday, 09/11/2011 12:35:48 AM

Sunday, September 11, 2011 12:35:48 AM

Post# of 27472
Here is something to think about. This has been on my mind for a while. About the "false" buyout rumor, what if there is actually something to it? Not a true buyout as such, but more of a partnership.

Crowne is aquiring all this land hand over fist, but they have little for equipment to work it. Now, instead of buying their own equipment, they partner up with a well established company that has their own equipment and trained people to run it. Saves on that large cost, depending on the scope of the work.

The company I work for recently bought out one of our competitors. Before we were told during one of our meetings, we had to sign a non-disclosure agreement, or we had to leave the room. I can understand that Crowne would want to keep something like this a secret, and not tip their hand. So they are going to quickly deny any such news. Someone could have just opened up their big mouths out of turn.

To me, their denial of a "buyout" just sounds very protectionist, as though someone jumped the gun.