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Wednesday, October 03, 2012 2:32:00 PM
As for the merger, the Merger Agreement is quite clear that APII NY is what actually merges with CWS and will cease to exist. CWS is supposed to continue as a subsidiary of APII Florida, which ceased to exist when a NEW entity was created in Nevada, Corewafer Industries, and APII Florida was merged with it.
There has been no merger - or not one according to the terms of the Merger Agreement at least. There has been the appearance of a merger, which I believe was quite intentional.
Whether there will ever be a merger is still up in the air and whether it will be worth anything to shareholders if it does happen is an even bigger unknown.
"Incroyable!"
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