Guys,
Let's take a look at what was clarified. It stated that the term of the contract is 90 days. DCI's statement sure seemed to specify that the only participation was that of raising $10 mill, and nothing more, no mention of an Underwriter as in the earlier (April) release.
As for Joe Murphy having accepted a board seat, that sure was a zinger and may be out of context. For example, it was stated in an earlier release that he had been extended an offer to participate on the board. I am sure he was, and I'm sure that he accepted.
But, that may have been when it was a 40% deal, not a 5% deal, and now that the terms have changed, so might his position. There's a big difference, and one is that of a private and wholly owned company, the other is that of a public company. Remember one is an appointment, the other (a public company) requires shareholders vote of all it's board members.
Again, this is just a guess, built on conjecture, not fact, but is one more question that needs answered. I don't take issue with the content, as much as I would question, what the reason was behind adding that tidbit of information to DCI's statement. My meaning, what does that have to do with the price of eggs in China, it seems irrelevent, considering the nature of the topics.
RB |
