"....That the purchase be priced in Euros and not in US Dollars..."
With big issues surrounding sovereign debts affecting Spain, Greece, Ireland, etc---I don't think that's a good idea at the moment. Depending on when the sale is finalized, they may be losing money if the transaction is completed using Eurodollars, IMO. They need to be very careful, IMO, on that very touchy issue.
"...Given the unforeseeable delays in December of 2009, the involvement and consent requirements from two significant third parties and the complexities surrounding the transactions; the Company's Management is reluctant to commit to a definite guideline on the timing of the closure of these agreements as we had previously stated that we had hoped that these transactions could be concluded before the end of December of 2009. Management does not expect that these negotiations are likely to be protracted as all parties are committed to the consummation of these transactions...."
Not surprised at all with this "news"....
"...The Company confirms that its outstanding shares of Common Stock remain unchanged and are as detailed in our last Form 8-K Filing. The Company has not issued any additional shares of its Common Stock whatsoever..."
Fantastic. Any word on the reduction in the Authorized Share count?
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