Aero says Jones has done well in this economy
and that Jones is profitable company.
Why do I view those comments with great
skepticism? Because Jones has downsized
significantly, and revenues have decreased
as well...how much is not exactly known.
We do know that Jones is selling to Aero
for a mere $3.1 million dollars...a company
in business over 40+ years. There is a TON of
competition in this business. Can Aero possibly
turns things around and eventually help shareholders
recoup their investment with a combined Jones/Aero?
Since they are in a "niche" business, add to that
today's economy and credit tightening, to include
Aero's track record of losses, debts, defaulted
loans, and major dilution...what are the chances?
Considering all the misrepresentations made by Aero
to the Miller Family Trust, as revealed in the Court
document in early 2006, I can only wonder what sorts
of claims were made to Mr Landreth of Jones Exhaust.
It'll be interesting to see if Aero plays nice with
Mr Landreth, "if" the acquisition is finalized, as
Mr Landreth will sit on the Board.
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