Replies to post #141995 on Enzyme Environmental Solutions Inc (EESO)

[Risk vs Reward]

Hostile takeover ! I like it!

[softballdaddy]

And own 2 billion non voting shares.....

[GIBBER]

My guess the buyer has bought somewhere between 600-800M shares this includes the 300M put to the side or what ever you want to call it. If Jared was telling us the truth 800-900M where in tight hands. I guess that means he, Allie and other who helped start the co. are the owners of these shares.
I would bet that the buyers have an agreement in the LOI that he cannot convert his preferred into common and put them in the float. The question is what type of agreement they have made on these tightly controlled shares. We will never know because this is a non reporting pinkie so we cannot see the share structure. My guess is the Lees and their friends have been buying everything they can. They want the co. so they do not have to pay them on the future sales to EESO. Korea sales forecasted to be over 50M. Also this gives the Koreans a why to sell their chemicals into this country. It all makes sense. My guess is they have spent around 10-12M on shares now and they will not pay more than 40+ total for the co. The PR is written on per share price not the total dollars for the co. So all they will have to due is buy up the remaining shares at a .10 price are better.
I guess that 100-200m left in easy float so .10 for them cash & stock.
My guess is they will pay less to Jared for his shares. Once they have majority control things will change. Jared in my guess is in a corner because he will not be able to convert his perferred if he wants a buyout from them. The other offer in my opinion is BS - MY understanding the first offer was from a well known large domicled US co. We can split hairs over the words but as lawyers say it is the intent - in my opinion he has not been truthful here because now it is in the second offer from a co like this. Jared is scambling to find another buyer because he does not like the terms for him on the first offer. This is my opinion for what it is worth. The buyer is reading these board and formula their strategy of who to keep and my guess they will change the team if they get the buyout. Jared has dug a hole form himself in my opinion.