Thursday, July 31, 2008

Due Diligence...

Here is some information we were able to find on the internet...


1. Press Release announcing deal
http://www.scoop.co.nz/stories/BU0608/S00520.htm
2. Do a search in this Notice of Annual Meeting for "R.C. Marketing"
http://www.wdtl.com/pdf/2.WT4844Noticeof2006AGM_final_.pdf
3. Press Release announcing collapse of deal
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10412799
This let's us know they really do discuss investing with others. We don't know if the investor that pulled out is R.C. or somebody else.
But the there are always countless legitimate reasons for a pull-out by an investor. In the end, I think it's an overall good thing to find. If you look at the dates, the time between the two press releases is very quick. From 10-6 to 11-28. Anything could have happened to kill the deal.

No comments: