InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,631.22
(
0.28%
)
US TECH 100
19,888.80
(
0.49%
)
Dow Jones
40,211.72
(
0.53%
)
Brent Oil
84.34
(
-0.30%
)
Bitcoin
63,990.72
(
5.28%
)

Replies to post #91055 on World Surveillance Group Inc (fka WSGI)

Replies to #91055 on World Surveillance Group Inc (fka WSGI)
icon url

ColeThornton

10/15/07 9:14 PM

#91056 RE: mide #91055

Gee mide...

You think it might actually turn into a "binding contract" like the Russian deal...

Wouldn't that be great!
icon url

Wildfalls

10/15/07 9:43 PM

#91059 RE: mide #91055

The Russian (deal) was PR'd as a "binding agreement" not a LOI. Huff and Co. never let the truth get in the way of a good story . I take it that the SEC will be the least of his worries when the dust settles !
icon url

SAMdashada

10/15/07 9:53 PM

#91060 RE: mide #91055

The operative word in what you say is

"may". Here is what you said:

"As well, an agreement in principle may involve collateral in cash, and/or property, and/or stock held in a "type of escrow" as a show of good faith, which is the precursor to a formally signed contracted agreement. When inked the escrow is transferred."


Sorry, there have been to many years of MAY. You say "When inked the escrow is transferred."

That means that at any time prior to an actual "signed contract agreement" EITHER PARTY, FOR ANY REASON OR NO REASON AT ALL MAY WALK AWAY FROM THE "AGREEMENT IN PRINCIPLE" -- correct?

CORRECT! -- That means that, if and until, an actual contract is agreed to and signed that the PRed "Agreement In Principle" has no more substance to it than the 80 or 100 such PRs that have preceded it.

Until there is a signed contract nothing of this ilk -- LOIs, MOAs, AIPs, etc. -- are of any substance.
icon url

Hot Sauce Williams

10/15/07 10:21 PM

#91062 RE: mide #91055

Letter of intent, agreement in principle, they be interchanging terms. But come on fools, we have to start somewhere. So what if its only an agreement in principle right now, you just dont walk up to some company and say Hey, let me get up all on you, and boom, you have a merger just like that. Dont happen that way. You talk, you work it out, one side pushes one side pulls, ying, yang, ping, pong, it be like that. Why dont you let these guys work it out before you go off hatin' and doubtin'? Ain't the same group no more. I think these guys mean business. Let them do it without all the BS. If it don't work out, THEN you can do all the pissin and moanin you want.