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Message: Re: Speculation
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Glad to hear 'buyout' back front and center. Why the delay releasing the PEA? Because buyout negotiations are in process and they are premised on a pre-pea deal. I recall from another board concern voiced that end users would want secrecy and so a pre PEA deal was likely. As such it was lamented 'we might never know the true value of Albany'. But AE and team now know the value and that is good enough for me considering the size of mgmt holdings. Most important, AE publicly communicated the pre-pea negotiation drop dead date, end of year 2014. That was not a commitment to retail, that was a line in the sand for potential buyers. This is what I think is happening: the PEA is in substance ready, waiting for final signoff by ZEN or it is ready and is never signed off by ZEN. I like the latter best and that may be before the end of year.

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