Just as was suspected.. 1. Go to Applied Mater
Post# of 1023
1.
Go to Applied Materials / Applied Ventures Portfolio page:
http://www.appliedmaterials.com/company/appli.../portfolio
2.
Scroll down to Oncoscope and click it.
Nothing happens. It appears that Applied Materials is already in the works for taking down Oncoscope from their page. This is also good news because now, Applied materials knows that Spectra Science exists. This could open new deals in the future. Never know.
3.
Now go to Oncoscope's webpage:
http://oncoscope.com/?reqp=1&reqr=
It gets redirected to a generic parked website meaning their business site was taken down. To me, these two examples indicate the process of transferring assets from Oncoscope to Spectra Science has already begun. And as stated in a previous post, as investors, we don't typically see the 'behind the scene' business side.
From 'brainstorming' to the time the PR was released yesterday, this acquisition probably took months if not longer. Michael Oliver didn't call up Dr. Adam Wax (Founder of Oncoscope) two days ago with an offer, and magically a PR was released 24 hours later. These things take time.
Of course, this whole time I've been using the term 'acquisition'. Maybe i'm wrong and it's actually a merger. We can assume that joining together SCIE and Oncoscope is in the best interest of both companies, so that would be called a merger. And with this bankruptcy, it's not like Oncoscope is fighting the purchase, so that too would be a merger. Then again, one could argue that SCIE is the new owner of Oncoscope, so that would be considered an acquisition.
Rattles the brain, I tell ya! I'm leaning more towards a merger. Time will tell.
Either way, its pure semantics at this stage and doesn't really matter. Everything will be known in time.
The real brain rattler is whether or not the employees of Oncoscope will work for Specta Science. The founder and CEO both have Ph.D's so they must be smart. It could be good for SCIE to bring them on board if the bankruptcy was merely poor money management. If on the other hand, the owners and employees were incompetent, in the best interest of SCIE and us investors, it would be better for the acquisition/merger to include severance packages for exiting employees.
All guesswork right now.
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