Manufacturing is not my expertise, either, but I have enough friends who operate in the manufacturing arena and the cheaper machinery they purchase are in the tens of millions of dollars - although none are in the food processing business.
I am not privy to ANY "secret" or "clandestine" information, but going from my memory of past posts, I believe the initial response from the food processor was some kind of a "management/partial owner" idea. I may not have worded that exactly right, so don't go too far with that. But it seems to go along with Mr. Feintech's management philosophy (sort of like Home Depot was when they started out - I've listened enough times to the founders on Squawk Box in the mornings) of key people accessing a small part of company ownership which will, in turn, be profitable to all and give greater incentive to succeed. I know sometimes an owner gets older to where he doesn't want to mess with all the business any more and wants to see it succeed, perhaps that is some of the case here. It could be that the owner has worked with Eddie for decades and has trust in him like family. A lot of reasons could be true - both good and bad.
As for not viewing the potential acquisitions' books - I am not aware of any company which invites their shareholders to view the books of a potential acquisition; so I don't understand why that keeps becoming a topic...other than the idea that it takes a measure of trust to believe what shareholders are told. That may be the burr in the saddle because very few people earn trust in the business world today. And in the OTC Markets, anything can happen.
No, it is quite obvious that I don't price Mac's - so I was trying to be generous and not paint you to be a tightwad! lol I was unaware if the code-writing, etc. needed a super-duper processor or not.
All The Best
