It's a very fair question. In November, we thought EV and Plandai had entered into an Asset Acquisition Agreement, when we first saw the PR link. But then, right there in the agreement, it mentioned the 1:100 RS, and everything went downhill, there was too much Facebook posting and hurt feelings, etc.
This time around, there's no mention of the RS. That makes me think they want it to grow organically a bit, THEN do it, in an effort to reach a big board. Is that possible? We'll see. But I think it's real this time for a few reasons:
1. A more seasoned CEO. Yes, there was the post on LinkedIn, but it was quickly removed, and they stayed silent thereafter.
2. This time, it's a more established company with real revenues and big name associations. EV Hotel may have a big ceiling, but what do they really have currently that you can point to in the way of revenues? Tad may have been thinking that too at the time, keeping his options open.
3. The headline this time says ByoPlanet announces the completion of the share exchange agreement. Plus, Rick O'Shea himself says "Now that we have it in place, it's time to get moving." I don't remember that definitive of language with Puriblood or EV.
4. Look who did all the talking here - ByoPlanet. There's nothing to be said by Tad. That seems very telling to me - that feels like a new CEO taking over.
All MO, but this feels like a third time's the charm situation.
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