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atcpaul

05/25/12 10:51 AM

#32535 RE: XXWIDE #32533

i think someone is shooting them ducks

FORTY-8

05/25/12 10:54 AM

#32537 RE: XXWIDE #32533

The parties signed a LOI just 5 weeks ago. The respective lawyers and accountants must conduct extensive due diligence. A multiple-page term sheet must be negotiated and agreed upon. The various SEC-related documents must be drafted, distributed and agreed to.

It is not a quick, nor inexpensive process.

I believe them to be proceeding apace.