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MSSI to acquire two staffing agencies
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[QUOTE]Originally posted by net10708: [QB] OK, I'm not an attorney, so this is getting hard to digest. Here is the part that needs defined: "As consideration for the Purchased Assets, the Purchaser shall cause MSSI to issue and deliver 9,500,000 shares of common stock of MSSI to the Target to be delivered to the Members in the denominations set forth opposite each Members name on Exhibit A to the Purchase Agreement. The Purchaser also paid to the Target One Million Six Hundred Thousand Dollars ($1,600,000) as a cash consideration. In addition to the share and cash consideration, the Purchaser shall pay a contingent payment to the Target which shall be based on the Purchasers achievement of financial targets based on an EBITDA Target (as defined in the Purchase Agreement) which shall not exceed Five Hundred Thousand Dollars ($500,000). In addition to the Purchased Assets, the Purchaser assumed certain Assumed Liabilities" The above sentences don't mean a lot to me, since I can't see a share price consideration on 9.5 million shares. I don't know how much debt they assumed. All in all, I don't know if this is a good deal or not???????????????????????????? So, I guess we'll watch the market reaction tomorrow? Or maybe someone official will analyze it and make a recommendation? Sorry, it's just too complicated for my simple mind to grasp at this time. I will hold, but not if it looks like the path is turning south. [/QB][/QUOTE]
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