Replies to post #17186 on QED Connect Inc (QEDN)

[sukawh0]

The way I am seeing the PR is

QED Connect, Inc. ("QED Connect") (PINKSHEETS: QEDN), an innovative, software-as-a-service (SaaS) provider for the information security market, today announced that the company has signed a Definitive Purchase agreement with Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions."

IMO this means they signed some papers about what was going to happen with each company. I still think that next week we hear more news concerning what is really going on here. Atleast I hope


Under the terms of the agreement ProRemote will become a wholly owned subsidiary of QED Connect, Inc. which, with this acquisition, has started its quest to acquire promising emerging growth operating companies. Tom Makmann, CEO, said, "ProRemote is the first acquisition under our new acquisition strategy whereby we are looking forward to working with new entities to help execute their business model. ProRemote Solutions is already finalizing contracts with Sports Bar entertainment complexes in metro Atlanta and are looking at several other opportunities."

It makes me think when they state "will become" that its not totally completed yet..

I dont know but I am just trying to dig into the words a little and see what everyone thinks.

[Boris420]

Well like I said before, the Dec 31st PR titled "QED Connect, Inc. and Southeastern Retail Services, Inc. to Complete Merger"
states: "ProRemote Solutions" ("ProRemote Solutions") is proceeding as planned with an expected close date of mid January 2010 subject to final approval by the respective Boards of Directors."

By saying this, everything said in previous PR's about the deal is void once the big news is out.
So using my common sense I concluded that the Board of Directors asked the deal be changed.

Were the details of the deal changed for the best? I believe yes because a merger will bring PPS up instantly but an acquisition will temporarily do the opposite yet is more rewarding in the long run. Holding Companies will always have the advantage in the stock market.