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  4. Baltia Air Lines Inc (BLTA) Message Board

I agree, there are serious nondisclosures in place

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Post# of 41414
(Total Views: 357)
Posted On: 10/20/2017 11:50:22 AM
Posted By: PICCLINER
Re: Mogul40 #37332
I agree, there are serious nondisclosures in place during acquisitions in general. So a quiet period is just how it works. Even In my own company. When buying another company I cant even tell members of my own staff what is happening. Deals can fall through at the last minute and people releasing information especially without proper context could cause irreparable damage for viability of a future deal for both the buying and selling company. A lot can happen that you don't want, staff hear they are being sold they start jumping ship. Venders make assumptions etc...a lot of moving parts. So all is quiet until the deal is done. So I assume that is 10 fold for a publicly traded company. There are probably only a few Key officers that even know what the status is right now. As far as my thoughts, I can only go with what I would do. If I were making this acquisition, I would get the audit done, ad PR that, get us straight with the SEC, then finalize the acquisition. There are time challenges that may or may not allow it to happen in the order anyone might want. So have to leave room for that. But if it were me, ideally I would want to release the audit today and next Friday announce the close of the Song Bird acquisition with anticipated Ticker and official Name change.


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