Here's recent news mentioning MBND - "Multiband to Present at the LD Micro Fourth Annual Conference" - http://superinvestortools.info/MBND
That may all well be true but that doesn't mean that he isn't in the process of screwing this one up...
The explanation of slowly digesting the aquisition makes absolutley zero sense. He needed to seal the deal while WPCS was on the decline and in a position of weakness, not delay things until they turn around on their own.
You don't know what the situation is, so why are you bashing the prospect?
February is a long ways off in terms of completion of the deal and Mandel has been a competent CEO coordinating a large workforce and improving company agenda.
Maybe, you need to take the Disney appreciation course.
The fact is that MBND is in serious trouble with regards to this deal as it is apparent that they can't get any financing. They can't even refi their existing debt - let alone get new financing to get this deal done.
Well I guess we'll have to agree to disagree as my reaction was that Andy was very much on the offensive and was not going to let his company be gutted by these chumps at MBND. If MBND can't get their act together before the end of Feb. then my guess is the ship sails.
Let's see what happens. If there is a deal it will not be at $3.20 per share. Rehardless of the future outcome MBND has already acquired the 2 centers that it wanted the most and at a price that they could not possibly have built them for. On the WPCS CC Hidalgo was very much on the defensive and there was no way that he would admit to any ongoing negotiations to sell additional pieces of the company.
You might want to listen to the latest WPCS conference call from last week.
WPCS's CEO basically said that MBND has until the end of February to present an offer for the whole enchilada at 3.20 per share with a financing commitment or WPCS is prepared to move on without MBND. WPCS is not going to let MBND cherry pick any more individual branches at is would harm WPCS's ability to generate EBITDA as a stand-alone company.
If I were an MBND shareholder I would be pretty upset that the MBND management team is going to p|s$ this opportunity away. This deal should have been done months ago.