Systems America, Inc.(fka SYAI)

[markanthony]

Interview With S&T AG CEO Mr. Hannes Niederhauser

http://boersengefluester.de/interview-st-wahrscheinlichkeit-bei-50-bis-70-prozent/

For over two months, the buzz around S & T is all about the possible takeover bid by the U.S. investment vehicle Cloudeeva, Inc., (SYAI: OTCPK). The news did not exactly cause all investors to erupt in a storm of cheer. To this day, it is not entirely clear how serious are the intentions of the American investors. Thus it was not surprising to note that - apart from a brief phase of initial euphoria - the S&T shares have been trading below the negotiated price offered by Cloudeeva, Inc., at a about 3 euros. Boersengefluester spoke with S & T CEO Hannes Niederhauser about the current state of affairs, his intentions, the plans of the Americans, who announced dividend and discussed the recent bond issue by S & T.

Mr. Niederhauser, there was quite a total silence regarding the possible acquisition by Cloudeeva. What is the current status?
Hannes Niederhauser: In the autumn of last year is Adesh Tyagi, a former fund manager approached us and has shown interest in S & T. His plan is to invest money in the IT industry and merge multiple companies into Cloudeeva, Inc. (SYAI:OTCPK). In the interest of all shareholders, on 22 November 2013, we entered into a Letter of Intent with the Americans. We have given them insight into our books. In return, a minimum price of 3 euros per S & T share certificate has been set plus the earnings per share for 2013 in the letter of intent. Thus, it could come down to a price of around 3.30 euros.

What happened next?
The accounting firm Ernst & Young and the law firm CMS Hasche Sigle were charged with due diligence. Originally the audit was to be completed 13 by January 2014. On 9 January Adesh Tyagi informed that he will probably new about three or four additional days. We granted that request to the buyers - as a result, the end of the due diligence was been delayed a bit.

And the result of the audit?
Cloudeeva informed us that due diligence in their view, was positive and they wanted to take the process further. I cannot comment on the details of the appraisal report. I have not seen the document.

According to official figures Cloudeeva makes the acquisition of S & T still on the completion of "certain documents" dependent. What does that mean?
The course sounds a bit cryptic. However, one must bear in mind that since Adesh Tyagi is backed by investors and he must be revert back to the investors that fund the move, and discuss the results. The Letter of Intent provides them exclusivity until 20 February 2014. If Cloudeeva comes to the conclusion that they wish to make a takeover bid for S & T, the Company would formally inform us by that date.