CHRI has already let this one fall through, just a feeling I get. Those guys are steady, consistent, filing properly and believeable numbers too. Lots of local support and government support as well.
HBRM has been the opposite, cash burning machine, dilutive, massive accumulated deficit and no revs to date... What did I forget? Very much a going concern hence they need CHRI but the feeling I get is that they think their company is worth more than it is. Its not the type of IP that I think is worth carrying a big chunk of goodwill to overpay for.
I think CHRI let it go or else we would have heard from them and HBRM would not have had to revert to the news of the horny she-goat vodka deal instead of terms of merger/buyout/whatever with China Health. Thats purely my opinion and I base this on Ockhams Razor - 1. Why would HBRM raise the A/S in the middle of negotiations and 2. Why no recent news from CHRI regarding their intent after DD and 3. Why this news from HBRM about vodka? Really? Thats like the second oldest pinkmove in the books behind we just bought you some mining rights instead of the company you thought you owned.
I think the deal is caveat emptor but we will see.
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