No Offense Brother, but know what you buy and hold.
It was AMS's decision to terminate negotiations because they believed it wasn't in the best interest of the company. The other party was told that negotiations were off; the other party didn't tell AMS they were interested.
I spoke with a company employee about this and they said they had disclosed this at their annual shareholders meeting.
That is good to hear Dave, thanks for following up about that. Did you get any other information from your conversation with them that you can share with us?
Personally I never really thought that selling their interest in GK financing was a good idea, although I will admit that my knowledge on the subject is very limited. It just seemed to me that they weren't going to be able to get a price high enough to justify giving up the great cash flow it generates.
I understood their reasoning for wanting to sell it though, and now I just hope that they have enough capital to fully develop the PBRT business as they have planned.