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Monday, December 05, 2011 4:58:25 PM
May, June, July, August, September, October, November, and December!
List of excuses by month
April -
A) NEW LOI
B) Approximately two weeks to completion.
May –
A) We are currently awaiting the completion of the audits
June –
A) Reviewed by the CPA firm’s internal peer review group prior to issuance.
B) Meeting set up for late June for people from around the world will be here
July –
A) We are also in the process of coordination the logistics for the final meeting in Los Angeles to which all parties to the transaction will be transiting from Japan, India and elsewhere for the closing.
B) Contacting customers of Acquisition company
August - .
A) Early August - Found error (All has been fixed)
B) Error fixed????? Renegotiation complete
September -
A) Currently waiting for current financials to finish the process.
October -
A) Terms agreed upon again.
B) Due Diligence fee paid.
C) Acquisition complete by late October
November -
A) NEW LOI
B) Financials again.
C) Completed Before Dec 10th
December –
A) ????????????????????????????
We have been told in two weeks, at the end of the month, once something is paid, when they get the audits, reviews and then ready to complete, over and over and over again!
It is ground hog day, Month, after month, after month, after month.
So much so that I think they could use a form letter for the shareholders updates.
Shareholders,
Almost done just have to (insert excuse/action to finish here) (insert time frame here)
Thank you for your patience
It is “YOUR” company
You will be happy
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