One other thought that should hopefully make us fe
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Posted On: 03/13/2019 4:13:12 PM
One other thought that should hopefully make us feel better about the LOI announced today. I work in the real estate asset management industry and while an LOI to acquire a new property or sign a lease is non binding, it indicates a certain level of interest between the two parties beyond initial discussions. And now the two parties are in their due diligence mode with the buyer digging in at a near audit level to determine the true value of the company’s debts and assets and the seller determining whether the buyer will be able to move forward with the transaction and evaluating any adjustments to the initial LOI offer.
I would imagine that Andiamo would not have issued a public pr on this unless there is a good chance that they will be able to convert this LOI into an actual acquisition the question is how long the due diligence period is, is this company a worthwhile investment, and are the final terms favorable to us as investors.
I would imagine that Andiamo would not have issued a public pr on this unless there is a good chance that they will be able to convert this LOI into an actual acquisition the question is how long the due diligence period is, is this company a worthwhile investment, and are the final terms favorable to us as investors.
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