WTAA - Here is the headline to today's press release from WTAA, "(PR NEWSWIRE) WTAA Negotiating Major Acquisition to Qualify for Nasdaq Small"
Great news, but lets face it, OTC's put out we are negotiating with so and so company all the time and in the end the majority of them never seem to happen. So what makes this one so different?
Read this clip from the PR:
"Mr. Bob Mueller has temporarily resigned from the Board of WTAA to remove any conflict of interest in these negotiations, given that he is the Chairman and an owner of the target company."
So the President and Owner of the target company was, as late as yesterday, a board member of WTAA. Stands to reason that WTAA's chances of successfully completing the acquisition is better then 90% of the normal OTC hype based negiotiations and letters of intent.
biz.yahoo.com
God Bless and Good Trading..
Pettycash
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