Member Info for selecta6

Sad response Mac.
You obviously green bin polite, genuine folks, that just don't totally agree with you.

A part of the purpose of this board, is to politely debate matters.
Not to totally dominate and force your views (via cut and paste) on every-one.

Hi Les,
Sorry for delayed response.
Your questions: -

1. No. Eurasia will have received a written letter of intent. That releases permission for due diligence to occur.
2. I think the 'transaction' will be complex, and appears unlikely to be a complete company buy-out, else it wouldn't have taken anywhere near this length of time, nor needed extent and cost of professional services.
3. Buyer will have spent some on DD, but will also have perused and utilised company documentation.
4. We don't know if they are happy (or sufficiently happy) with DD. All we know is that the DD has been 'successfully completed' . This is an example of the vague wording often used by the board.
5. DD isn't signed off, as such. It is completed and reported internally by the prospective purchaser.
6. Next stage depends entirely upon the position of the purchaser. It is they that hold the cards. They may require more information, or events to occur before progressing further, or they may wish to negotiate on price, timescale or a number of factors.

I would hope that negotiations have been cordial, and that much progress has occurred, and like you, that the obese lady is about to utter.
Lets face it, she's much older than she was, when this all kicked off. Hopefully she hasn't developed dementia!!

I, again like you, just want this whole thing concluded, so we can move on.

Les,
'Why worry about them'....
Since we are working together (or should be), it's not just about, 'I'm alright Jack'.
It's not a legal document that Mac cuts and pastes.
It's a theoretical basis. It's needs to be over-lain with the facts here.

At the moment... The facts are... Eurasia HAVE NOT accepted an offer.

As you say, i'm not into an argument. Just want to state the actual situation.

Les,
You have more confidence in folks than i do.
The board are far from crystal clear in their releases to us.

I feel it very important that we don't mis-lead on here.

An offer has NOT been accepted. (hopefully yet).

It's quite easy for Mac to modify his cut and paste, to avoid the incorrect statement.

I don't need to take it up with any-one. Mac.
It is factually incorrect.
I'm sure you know that.
Just please stop quoting it, or modify it to avoid is-leading new or inexperienced investors.

When, and IF an offer is accepted, we will know all about it.

Tut, tut Mac.
You really are very naughty.
We all know that an offer has NOT yet been accepted.

Wahoo.
They've got the sherry in, to celebrate.
Blimey, that's a bit cheapskate, isn't it!!

Just leave it Ste.
We are all rowing in the same direction.

My beef is to avoid potentially mis-leading new or potential investors who may not be experienced.

Subject is shut, hopefully Mac will modify his oft repeated post marginally to correct the situation.
His text book approach isn't appropriate in this situation.

We all hope, that this lengthy transaction does get over the line.

Head shakes going on here, Mac.
You really are a board tyrant.
Offer & acceptance is likely to occur. BUT, it hasn't yet.
What do you not understand about that?

I agree LHG.
I'm sure a letter of intent has been passed.

However, my point is, which some don't get,....
NO offer and acceptance has occurred, yet.

Until that, there is no absolute guarantee.

I like many hope and believe it will occur.
BUT, it hasn't yet.

Enough of this. I'm merely attempting to paint the correct picture for potentially new investors who may not be fully experienced in these matters.

END OF.

In case the meaning of English words escape you, Mac.
A proposal is a suggestion. It MAY be taken forward.
However, it's not an offer.
Check the dictionary.

You really don't like some-one correcting you, do you?

It's called common sense and facts, Mac.
You don't always need a text book to back that up.

However, the share price will give you a clue, as to where we are.
NO offer and acceptance, yet.

Oh dear Mac gets corrected.
And, the toys get thrown out.
I wondered why folks don't comment on his posts.

Quote facts Mac, not your theory, from the text book.

Eurasia mining are in discussions, and probably operate under a letter of intent.
However, as yet, NO offer and acceptance has occurred.

Plus, no need to resort to rudeness.
This board is here, to help folks.

I don't believe that to be the case Ste.
I know what the score is here.
However, i'm concerned that other new or inexperienced individuals may not.

The fact remains, we DO NOT (yet) have an offer and acceptance.

Tut, tut, Mac.
I'm sure i'm not alone in noticing the error you continue to repeat.
OFFER & ACCEPTANCE still awaited.
Caveat Emptor. Let the buyer, beware.
Usual warnings abound.

Not for me.
But, thank you for offering.

Presumably, a reference to last nights, remembrance service on the beeb.

Hi Tiggerman,
I fully understand and concur!
Lovely course.
I oversaw the audit 1980 to 1985.
I recall much sweating of the palms, when i had to present to the AGM.
All the London accountants, sat on the back row, asking awkward questions!!
Happy days. Fond memories.

Tiggerman,
(All others forgive me).
We may have had a similar chat, in the past?
Where you on the committee 1980 - 1985, at LGC.
I was knocking around there during that period, in a non-golfing capacity.

Not entirely sure that it was worth the wait!!