Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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From: beaverfever	10/1/2009 8:31:48 PM
	1 Recommendation Read Replies (1) of 724

I suspect that Allen-Vanguard/Versa are attempting to carbon-copy the Nokia/Nortel deal. However there are a few major differences. Nortel had been in financial distress for YEARS prior to their filing for bankruptcy protection. Nortel's demise was fully expected. Nokia bid in an open bid process for the assets, that had been valued at auction - to the highest bidder. Allen-Vanguard's financial distress is due to recent self-inflicted write downs - no bankruptcy. Allen-Vanguard's demise was shocking. Versa is attempting to buy company in an exclusive private deal with assets valued by an insider at *'dubious'* valuations. Nokia/Nortel has no perceived conflict of interest with Crown Corporation EDC funding their deal. Allen-Vanguard/Versa have a definite perceived conflict of interest with Crown Corporation EDC funding their deal, as Allen-Vanguard's CFO, Peter Allen, is previous VP and CFO of EDC. The only thing that they do have in common is that the timing of the Nokia/Nortel deal coincided with the timing of the major write downs at Allen-Vanguard. Management might call the timing a coincidence, while shareholders might call the timing a conspiracy ?

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