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Message: RE: ``Why would Nunally rush to sell ?`` .. more thoughts

RE: ``Why would Nunally rush to sell ?`` .. more thoughts

posted on May 13, 2005 11:23AM
I don`t think any of this signals any immediate turns with the Patriot/TPL issue. In fact, their actions reinforce a ``take it`s time`` strategy with TPL. They moved faster on this than they have with Lawyers. I don`t think they`re in any hurry to re-enter that arena.

This reinforces my theory they plan on maximizing their cash burn/potential business generation time and will proabably keep any type of TPL discussions at arms length, assuming their equity grows on paper.

If it plays out well, Any position TPL migh have could vanish, and I`ll drink to that.

They have $3M in the kitty - hom much will Corrigan get and how much time will they give him? Also wonder how much (cash and shares) they gave up for him?

I`d love to see the share vesting/option schedule he negotiated. If he`s the one they wanted, he`s in the driver`s seat.

regards

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