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Perma-Fix Environmental Services Inc. Message Board

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  • Eggplant101 Eggplant101 Oct 25, 2011 9:14 PM Flag

    planned acquisition

    Slow down, cowboy. If you read the HOMS Information Statement dated 8/8/11 carefully, you will see that the remaining businesses retained by HOMS are money losers. The surviving entity has a very low probability of surviving. Consequently, all of the guarantees, indemnifications, and price adjustments likely will be recoverable from an insolvent company. More likely than not, they are worthless, or, at least worth less than face value. That's why HOMS stock trades for $0.01.

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    • the price adjustments are factored in at closing. perma-fix gets rights to all the receivables even those over 120 days. The $1.5M is held in escrow. Doesn't matter if HOMS becomes insolvent - wont affect the purchase price.

      Perma-Fix got a great deal any way you slice it!

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