MC_in_BigD: Yes or No? Maybe PMEA will be spun off as a subsidiary (maybe with a different symbol) so they can act alone - gobbling up even more public investor money.
Seems to me that PMEA has everything all set up to actually begin producing aircraft, but probably spent most of their money doing it. That's why this may be a very lucrative deal for SEIL - plus an opportunity to get a separate stream of shareholder funds as a subsidiary.
If you look at it like that - that is a WIN WIN situation. SEIL is active in the same Mediterranean area that PMEA is active.
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