Bat,
"$100,000.00 to be paid out on a quarterly basis over 24 months coming out of cash flow to start at twelve months after the signing of the deal. Payment to be approximately 5-10% of gross sales of HNIPU. Refer to proforma submitted"
This is not extracted from a fluff PR being made to influence share sales or a tainted research report.
According to Time, it was a specific regarding a payment of $100K to Hicks in the buyout plan. Maybe it was meaningless or maybe it wasn't. Why would Sheppard ever entertain such a proposal to be made to Hicks if there was no chance of any HNIPU revenues? Before Hicks would accept, don't you think he would have to be convinced on the possibiity? It could, however, be just a planted statement to influence share buying of the restructured company. In that case, you may be 100% correct.
I do not think the negotiations are closed. I also think the upfront $15K mentioned by Time, and refused by proposed lenders, was Earnest Money which would not be an unreasonable request by the "seller".
A certainty, however, is that Hicks stood to make several million in the deal on the 45M shares of the restructured company. This would, or maybe still will, come after a RS and reinstatement of Global securities. If there were HNIPU sales to cause a good level for the share price, Hicks would benefit with every uptick.
As usual, the current common holders take the big hit with the RS.
AMA. If you are in a position to ride along with Hicks and Co as the company is revived to trading status, then you must be one of the insiders that would not be affected by a RS. Can that be true?
BTW, Bat, what happened to your rah,rah,rah for EUOT,MKLD, and HCOM you were expressing on the EUO board back in Sep, 2003?
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