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Thursday, December 05, 2013 5:31:29 PM
Prior Management starts with basically nothing and looks to build shareholder value by acquiring interest in AquaLiv - a company with a lot of promise, a great technology that is very revolutionary (IMHO), and a very ethical man at the helm of Aqualiv now Aistiva.
Management gets very close, but is otherwise unable to secure the funding required to properly fully launch AquaLiv product lines due to lack of assets, so shifts gears to identify merger candidate.
Introduced to Verity which has a good management team, synergistic products, and an equally promising future.
Verity performs due diligence and site visit on AquaLiv (and vice versa) and is excited about the combination of talents, products, and technologies.
Merger between companies completed 12/31/2012 according to filed and executed merger docs. Prior Management spends 4 months working with new management on transition prior to stepping aside. AQLV becomes VRTY.
The combined entity now needs to work together to secure appropriate financing, execute on the business plans, and bring healthy food and water to all people.
Prior management and current management alike both believe in and continue to support these companies....putting any segment down is counter productive. My only issue is for people to stick to factual data and not speculation on their part.
Go VRTY!
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