read the PRS
" Sunrise Consulting Group, Inc. (Pinksheets:SNRS - News) announced today that the company agrees to sell one of its provisional patents and accepts the offer made in the term sheet worth $300 million dollars over the span of 6 years. The successful completion of this transaction translates to a value of roughly $0.01 to the company's shareholders.
The company plans to disclose the name of the buyer and release additional news later today or on Tuesday, May 31, 2011.
"
SNRS accepted the offer. They got gold, they accepted it, meaning that the party offering was already ok with it. What on earth could cause another 2 weeks delay ? The offering party is sure not going to make a problem when they are offering.
and if you then pr an update on june 1 saying
"NEWPORT BEACH, CA--(Marketwire - 06/01/11) - Sunrise Consulting Group, Inc. (Pinksheets:SNRS - News) announced today that the company expects to close the sale of its provisional patent on Friday, June 3, 2011. The company is currently completing its due diligence and plans to update its shareholders with more details on this transaction"
then you must feel pretty damn confident that indeed within 48 hours you can release that news.
What "due dilgence" could they still be doing ? Will it turn out just like Nourtech that after weeks of DD , SNRS will say that "the deal is off, because the offering party is not solvent" ??
What possible reason could there be for delays ?
If it was a serious party willing to offer hard cash, it means they are very eager for it, and would have closed already.
SNRS would be crazy to put any additional conditions on basically receiving pure gold, and risking that third party would pull out of the deal.
So needing another week for DD does not make ANY sense at all.
What is your take ?
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