rewehapi
good evening, your post is opening up all sorts of possibilities as to the WSGI/LTSA relationship, during first acquisition, second product development (BiB/WASP) and third sales and separation.
You had my head spinning as to some of the implications in particular when you say:
"Maybe the only way for LTAS to get the contract is for it to be distanced from WSGI. Better to get something by selling rather than holding onto it and get nothing."
My gut feeling is that Glenn Estrella and Kevin Hess have until the end worked hand in hand with somebody on the DAC side that we have yet to come to know a little bit better. DAC has been a willing partner and ready to pay for LTAS at a premium, not a discounted price.
To try to chip in with your comments, I think that to start with, LTAS joined WSGI because of WSGI capacity to access the market, through its management and as a listed company and because of the Argus.
The problems with legacy funding and La Jolla related issues have definitely negatively impacted on the financial viability of WSGI but they were not central to the acquisition of LTAS. They are however central to its sales.
Again I believe this deal given the WSGI need for cash has been a win win situation for all those involved.
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