Wonder how the buyer would know the value, if there was no prior contact with BIOAQ BOD or PWC itself had not reviewed the contracts for value. Hmmm? Wonder how that opinion of no value would have been formed?
We will find out, until then it’s just pure speculation. We do know the motion to review has not been dismissed, so the motion is active. Seems to me that if there were no value as claimed in your post, PWC would have just provided that proof to the court and the motion would have been dismissed
Did the buyer advise you personally that’s why the “contracts weren’t included? Of course they did not. NDA most likely didn’t have an exclusion to provide you that info.
KKR is the one of the Masters of the UNiverse dealing with NOLS and their use.
They have a track record in acquiring,restructuring and sell companies to make $$$.
Does anyone think after acquiring LCY that is not a public company that they have forgotten the detail and what is needed to use the NOLs in the future.
PWC has been realigning all the pieces after having sold the saleable assets to raise some cash.
PWC goal now is to get out of the CAA.
After that we will see what happens as to whether a second transaction outside of the CAA comes forth such a rights offering or some sort of offering for a turn key situation
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