Sun, Aug 18th, 2013 MUST READ OTHM!! >>>>
At the Top Floor – First Round Meetings Between Oriens’ and Hundley Associates’ Principals
As the parties convened at Hundley’s luxuriously designed, yet plainly simplistic outfitted top floor apartment, the meeting itself was extremely low key – void of any pretention. A few cold beers, bottled water and some mixed nuts catered the executive sit down.
After a 30 minute or so exchange of formalities, Mr. Chua led the conversation’s transition. Presenting the purpose of everyone’s trip to Central America, Mr. Chua then set the meeting’s agenda. Executives from each side laid out the evolution of the proposed opportunity. From the implementation of the FROL system just under 24 months ago, to the conception of a possible relationship, to the formation of a proposed merger/acquisition, the progression of the prospective deal is not a ‘fly by night’ stab in the dark, but a vision that has been well nurtured over a considerable amount of time.
Oriens’ business development team laid out the short and long-term benefits of the proposed transaction, as well as reviewed the inherent risk of the proposed deal. The finance group described the current landscape for funding, the venture priced in the low-to-mid eight figures.
Hundley’s executives rehashed the purpose and reason for developing the initial working concept to the current point of plausible execution. They also reviewed Hundley Associates’ current market position on both a local and global scale, as well as that of its subsidiary companies. Discussion of the current and future real estate projects of the organization were also at the forefront.
While one of the companies is public, there is a matter of ‘fair disclosure’ that will limit our ability to present the explicit details of the conversations. Further, Hundley Associates is a private firm, and has been granted a responsible amount of oversight to which particulars can be disclosed about its operations outside of its pending relationship with Oriens. With that said, there were no serious points of contention by either party, with any aspect of the conceived strategy, or with any revelation of the other’s operation.
The 90-minute meeting concluded with much more information for both parties to digest and discuss. This would make for an interesting dinner meeting between respective executives and consultants; in the next hour.
The second round of meetings between the principals will commence over dinner tomorrow after a full day’s tour of Hundley Associates’’ properties, land and operations. Until then, both Mr. Hundley and Mr. Chua would excuse themselves to other matters as their teams got back to work.
By all accounts, this is a project that appears to have teeth and could come to fruition if all of the parts indeed truly fit.
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