The Nesco LOI most likely means nothing now. After all a letter of intent is just that, intent to do acquire something at a later date. However, The LOI Select Staffing had with Butler Intl back in March '09 to acquire all of the companies stock is VERY interesting. It show's us they had their eye on Butler International even way back at that time. Select Staffing may have planned on going public back at that time Via Reverse Aquisition with Butler International. Most likely the deal fell through. Perhaps that's why Select was going to merge with Atlas to go public later that same year, however that deal fell through as well. So now, Butler America aquires Butler International out of Bankruptcy chap 11 and we know Butler America is owned by Select Staffing. Now we also know Select Staffing wanted to acquire all of Butler International's common stock back in March '09. So...I think there's a fairly good chance Select Staffing owns the Butler corporate shell and is going to use it to go public and could do so at any time. As far as the Q coming off, it could just be a matter of taking care of a few minor details when they are ready to do so.
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