My purely mental guess is that WOTD is a business intention, registered in black and white some few years ago. And during this merger/acquisition it is still being decided how....
- "1 or 2 special Mom & Pops and/or 1 local tire/oil distributorship" (these being owned by the same "Pop")
will be blended into this "in the original nature", and
- "about 7 independently owned extra Mom & Pops" (friends by business relation to the original Pop)
will be taken aboard "in the secondary nature".
- and that the main "Pop" is the motivated person who Jack found through a friend of a friend of a friend.
I assume out of convenience that he would be Mr. Charles.
And I have fun assuming some of the minutes of the meetings were originally, maybe still are, written on restaurant napkins. That's not a sin or anything. Just a cool way to take a brake!
So a couple lawyers and an accountant can turn that into an impressive looking stack of papers and stick CVIA in there somewhere. It's just the opinion toward shareholders that I'm concerned about and the cosmetic dancing that I hope, against intuition, is not being done.
I imagine Mr. Charles goes to bed, and instead of praying he shrugs it off saying "they're gamblers". "Dime a dozen". ZZZZZZZZZZZZZZZZZZZZZZZZZZ
Treated that way, some shareholders may be forced to concede this will be a "long term" hold.
I am still only guessing at all this, but WOTD will end up in there somewhere and appear somewhat stable, and ready for geographic expansion.
To me it's all up in the air and that's why it seems so important to see an alternative scenario being hashed here on the thread should the agreements fail. -SOMETHING ALL INVESTORS DIG- and can benefit by. -"Stand Alone". (Parden me for seeing it must be in a field you already love.)
If they do fail, I think best that WOTD should be the one to give up - so the money remains with CVIA. But that may be covered by WOTD also. Perhaps KAA will be informed, However, as he implied these things are confidential. I am legally in the dark, as usual.
(just guesses about "what WOTD is anyway?")
Same idea, different twist. Still think they can be successful.
(My beef: WOTD's possible definition of the CVIA Shareholder.) Dave |