Collin, Wexford Capital is the brokerage firm handling the deal. They have the opportunity to examine BOTH companies very closely (including the financials of both ATXI and FAMH).
You asked...
Q. >>why did ATXI reject Wextech's aid earlier?<<
A. My understanding is that Wexford Capital felt ATXI was not in a strong enough position to improve their situation to any great degree. So Wexford went looking for merger candidates for ATXI. That is when they found FAMH.
Q. >>How much will the services of Wextechs cost the FAMH shareholders<<
A. Ira outlined exactly what the cost of Wexford's services are in the press release of March 23...
"Brokerage warrants will be issued based on the total number of post-merger shares (11,413,913). At 4.9%, the total brokerage warrants would equal 559,282 shares."
Q. >>Will Ira be in charge or will Wextech?<<
A. Wexfor Capital is the brokerage handling the deal. FAMH will be in charge.
COMMENTS:
I found it interesting that Tim Brink, when asked if the symbol would stay "FAMH" or change to "ATXI," said, "That decision...will be up to Ira."
He also made a statement about the result essentially being that this would not be a "new" company, it would simply be FAMH on NASDAQ.
These things, to me, confirm what I have figured from previous information, that FAMH has the necessary endorsements (votes) to control the outcome.
That's how I see it.
Best wishes,
Brad |
