Definitely a meatier update with more of an explanation as to the nature of delays and progress on many fronts. Sounds very logical to me......just my opinion.
my favorite part is the impatient shareholder part. LOL! 18 months and now I start to scream and I am impatient. Kuni is a joke! I can't wait until the 3 week of January for the next excuse.
This one is actually well written and looks like original was written in English-not Japanese. This whole process has been too sloppy to be a scam imo-besides where is the money for them in this process-a lot of easier ways to scam.
Its very difficult and ambitious for a barely break even company like PIHN to acquire a private company w the reported income of the private company-necessitating apparently a highly leveraged or complicated financing structure-hence the bankers who always try to bleed all the profit and everybody always wants a larger piece of the pie-which makes for difficult negotiations.
The fact that PIHN hasnt screamed their frustrations w the process via the other players means they are still working for a resolution-all parties in such a long process also have much invested which helps them work toward a resolution -but no guarantees obviously.
I agree was well written and detailed. Though sounded like almost all the issues were resolved except the trading issue with the broker dealer needed after the closing of the acquisition, so the only thing is with the 3 week ending today is WHEN will we get a its done pr.
I guess we should all read this once again. It explains and answers all our open issues and why the delays. I guess the delays and stock price just have exhausted us when we already have the answers and KUNI probably said all he can say till things are completed. There is alot of good info in the letter now we just have to believe its true and will happen thats the hard part.