What's interesting is the offer wasn't rejected, i
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Posted On: 10/24/2018 6:35:40 PM
Re: investorxc #27244
What's interesting is the offer wasn't rejected, it was withdrawn. So about the only reason(s) I can think of is either:
1.) AMBS has received a better offer from someone else (and maybe putting the offer to MTSL out in public was a way to gain leverage to negotiate with the other party) This would be great if it were true and actually makes the most sense.
2.) Something changed since last Thursday to prevent AMBS from going forward; they lost the $700k commitment lined up or another third party put a wrench in the deal- an account payable, etc.
I think the first reason makes the most sense. And it would explain why the pr was put out in a way to only make it "public" and not advertise it. It doesn't mean that they did it only to attract another deal, but it let everyone else know they were moving forward with MTSL, so if there were any other parties interested, they better step up NOW. It would also allow the investment bankers to go out and publicly promote that AMBS was moving forward so anyone they had had discussions with in the past needed to make their final and best offer or lose out. Lets hope this is the case.
1.) AMBS has received a better offer from someone else (and maybe putting the offer to MTSL out in public was a way to gain leverage to negotiate with the other party) This would be great if it were true and actually makes the most sense.
2.) Something changed since last Thursday to prevent AMBS from going forward; they lost the $700k commitment lined up or another third party put a wrench in the deal- an account payable, etc.
I think the first reason makes the most sense. And it would explain why the pr was put out in a way to only make it "public" and not advertise it. It doesn't mean that they did it only to attract another deal, but it let everyone else know they were moving forward with MTSL, so if there were any other parties interested, they better step up NOW. It would also allow the investment bankers to go out and publicly promote that AMBS was moving forward so anyone they had had discussions with in the past needed to make their final and best offer or lose out. Lets hope this is the case.
(2)
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