**First of all it states they approached them ... second of all NO company is going to release the name before doing the proper due diligence ... I disagree with you!
As a publicly traded company, we have a duty to our shareholders to examine all offers and do the proper due diligence. Moving forward, management has reserved not to make any comments until it completes a thorough verification process both of the buying party and any buyout tender offer made. We look forward to informing shareholders as we get further along in the process.
more news to come i'm sure - in the meantime ltdi is selling really nice speed boats - they are selffunded-and making $$$$$$ - they have no reason to post bs buyout offers - time will tell.
"Moving forward, management has reserved not to make any comments until it completes a thorough verification process both of the buying party and any buyout tender offer made."
Hmmm well let's shoot that post down real quick. A - PR was informing investors regarding buyout interest. B - no company comes out if they are in a NDA and says hey X company just made us and offer and BTW here it is.
Thanks for your insight bro but we are more than qualified to read a PR. Let me know if you need future help reading others. GLTY
kgeezy? The pr was letting us know what is going on. As a shareholder, I can appreciate that. I can see why they didn't say who yet, since they are in negotiations. It makes perfect sense and the co has been very good at updating us.