Replies to post #8765 on Tactical Air Defense Services, Inc.(fka TADF)

[carjon]

You make no sense...

If you have a point, make it...

You must be an Analyst because you are a pain in the a$$ests.....

[Bongo Johnny]

If you have something to say, say it! Quit playing games...

[frodo_1978]

wow buddy, you did a complete 180 on us, whats up with that, is this a one night stand for you?

any way, yes, the extension for the merger expired on May 1st, everyone knows that, and everyone has known since feb 2nd that the extension was over on may 1st. what you fail to mention is that Mr thompson and Mr korybut have been quoted on several pr's since, that they are anxious to get the merger finalized, talks are still ongoing. this is from thompson himself regarding the merger last month.

RC Thompson, Chief Executive Officer of Tac-Air and former Commanding Officer of Top-Gun, stated, "We are very pleased to be partnering with TADF on this ground-breaking project. The Aircraft represents the first step in a comprehensive acquisition strategy to support our forces while consolidating the tactical aviation market from a fragmented 'pick up game' to a more professional environment. This joint venture goes well beyond revenue; it meets a significant training shortfall for our men and women in uniform and should serve as a precursor for many more good things to come. The use of this Aircraft will serve to further join together TADF and Tac-Air as we continue to work towards the merger between our companies."

3.
TADS Obligations . Subject to the terms of the Definitive Agreements and further negotiation, TADS shall be responsible for the acquisition of all necessary funding related to the Acquisition of the Aircraft. Upon closing of the Acquisition and subject to further negotiation and terms of the Definitive Agreements, TADS shall receive the right to receive fifty percent (50%) of all future profits derived from the operation, sale, lease or any other use of the Aircraft.
4.
Event of Merger . Previously, on December 10, 2010, the Parties entered into an Agreement and Plan of Merger (the “ Merger ”) related to the proposed merger between the Parties. Although the Merger had not closed prior to the termination period and the related agreement has since expired, the Parties are currently in non-binding negotiations to finalize the proposed Merger. In the event the Parties are able to finalize and close the Merger while the Aircraft continues to be employed under the Definitive Agreements, subject to further agreement between the Parties, such Definitive Agreements shall be terminated and the Aircraft shall continue to be employed by the combined merged entity.