We were discussing Annex B yesterday and I, too, feel pretty sure that progress has already been made before the 8-K filing. Tracy is qouted as saying, the assignment and timing of the Investment Firm was deliberate. That message came through Dragonball.
...if a Strategic Event involves a Company Candidate (please see Annex B, “Company Candidate List”, then MLV shall be entitled to fifty percent (50%) of the Success Fee as described in this paragraph 2(b).
xzx, the way I read it, they are not getting a premium, but a cut in their success fee if the deal is someone from the candidate list. How do the rest of you see it?
in all other cases, they'd be getting a smaller cut. that tells me the "company candidates", kept confidential in the filing, are ones MLV is bringing to the table. otherwise, why would they charge a premium? oh, and who might those companies be?
I agree 100%, after all it is Annex B of THEIR letter.