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BeamMeUpScotty

01/04/16 4:03 PM

#55946 RE: DoublePlusGood #55945

Like I say in the post - it's all based on the balance of probabilities. The thing is this, I'm guessing that there are now three parties to the deal.

The one problem is, that the longer they don't conclude negotiations, the less likely it becomes they will conclude successfully - because if people won't compromise in their negotiations, then they will just hit a stalemate, again.

My guess is that SIRG officers don't want to surrender some proportion of their shares, or see the share capital enlarged - which will dilute their holdings, which is foolish as they're bringing nothing else to the table other than an empty shell and $20m of tax write off's.

When you're a company the size of OROT, $20m tax write off's are nice, but if your reversing in a company with billions of Dollars in assets and hundreds of millions of Dollars in revenues, annually, $20m is chump change at the end of the day and you expect to have majority control of the board and the voting rights of the company.