Filed a couple of hours ago--more disclosure about BOD members. Privatization offer and status was rehashed but nothing new that I see in it. Hopefully some positive in that they are still doing what needs to be done. Have to imagine Nasdaq is going to be facing a bunch of lawsuits if nothing major gets dropped out--just call me an optimist. GLTA
This might just be small details but % ownership and amount does not add up. How can 7.6M shares represent 15.1 % and 8.5M represent 13.3%.
This is not your mistake, it is on page 17 of amendment 2 of 10k.
But anyway, reading all this teach me that Morgan Stanley has way too much at stake and the deal will get through. They have an exit strategy and it must be executed now.
Once it is completed, you will see MS China launch YONG on an IPO on a Chinese Stock Exchange within a year or two.
Good catch iseeker. Yeah, they've moved the officers bios to Part III and added the director bios which I don't think were in there at all previously, along with some other information. It wouldn't surprise me at all if this is what the Nasdaq has been waiting for. A lot of people on this board were barking about how the nasdaq was waiting for a go private decision, but I always suspected that was not the cause, it would just be a really unusual to keep a stock halted because they hadn't decided whether to accept an offer like that. It's still strange that it took this many weeks to pull together this info too. Hopefully this is it and we start trading again later this week, but I'll believe it when I see it.
I am not 100% sure but the Going Private Proposal appears to have more verbiage that I remembered. May be just an update on the "Financing Commitment Letter will terminate on the earliest of (a) May 15, 2013" that was announced a month ago.
Yeah, they halted it for bios, forgot a couple commas too. Gee, why would anyone think the buyout offer has anything to do with the halt?
As the Company previously announced on April 1, 2013 as part of its fourth quarter and full year 2012 earnings announcement, on March 26, 2013 the Company provided a detailed written response to NASDAQ's request for certain information relating to the Company's delay in filing its Annual Report on Form 10-K with the Securities and Exchange Commission (the "SEC"), the collection of accounts receivable as of year-end 2012, the current state of the Company's auditor's work in connection with the financial statements to be included in the Company's Form 10-K for the fiscal year ended December 31, 2012, and the status of the Company's proposed "going private" transaction.