IMO do we have a record it was taken off the site? Did someone take a screenshot during September, October, or up to now showing that the plane was taken off the list? Point being, it might have never been taken off the site even when USGlobal announced that they had intent to lease it. Intent is just that, nothing concrete. In the stock purchase agreement, it says that part of the closing is to deliver the lease agreement:
Link to the original text: https://www.otcmarkets.com/edgar/GetFilingHtm...EX10-1_HTM
So, IMO, the agreement is not finalized, there is intent to lease it, but nothing reserving the plane for them. IMO, that means Aersale could still lease the plane to someone else if they wanted before the closing, thus its still on the site. Kind of like a car dealer, if there is a car that you want to buy or lease on the lot, and you tell them you are interested, but someone comes in right after you leave and says "I Will Take It" they are going to sell/lease to that other person. So why shouldn't Aersale still list the plane on the site if they get another offer.
IMO, wait for Tony to tell us what is going on.....
all IMO
Quote:3.1 Closing . Unless this Agreement shall have been terminated or the transactions herein contemplated shall have been abandoned pursuant to Article VIII hereof, the closing of the transactions contemplated herein (the " Closing "shall take place at noon (eastern daylight time) on October 15, 2017 (the " Scheduled Closing Date "
3.2 Closing Deliveries .
(a) At the Closing, Seller shall deliver, or shall cause to be delivered, to Buyer the following:
i. an executed stock certificate of Songbird with respect to the Shares;
ii. a certificate from Seller dated as of the date of the Closing, certifying that the conditions specified in Section 7.1 have been satisfied and fulfilled;
iii. the Aircraft Lease Agreement;
iv. a copy of the resolutions adopted by the members of Seller authorizing the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, certified by the Secretary or other authorized Person of Seller as of the Closing Date;
(b) At the Closing, Buyer shall deliver, or shall cause to be delivered, to Seller the following:
i. the balance of the Purchase Price, plus such other amounts due and payable to Seller on or before the Closing;
Link to the original text: https://www.otcmarkets.com/edgar/GetFilingHtm...EX10-1_HTM
So, IMO, the agreement is not finalized, there is intent to lease it, but nothing reserving the plane for them. IMO, that means Aersale could still lease the plane to someone else if they wanted before the closing, thus its still on the site. Kind of like a car dealer, if there is a car that you want to buy or lease on the lot, and you tell them you are interested, but someone comes in right after you leave and says "I Will Take It" they are going to sell/lease to that other person. So why shouldn't Aersale still list the plane on the site if they get another offer.
IMO, wait for Tony to tell us what is going on.....
all IMO
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The fault-finder will find faults even in paradise. -Henry David Thoreau
