Hallo!
hier mein mail, das ich schon gestern einstellen wollte! sorry fuer die verspaetung! mir war es wichtig mehr ueber die finanzierung zu erfahren bzw. ob forrest wirklich das geld hat bzw. die mittel! und ich denke stark er hat sie, eigene bank, etliche firmen und er will das alles in cash bezaheln!!! ich habe mir den report von forrest durchgelesen und kann sagen das der Herr Forrest wirklich nicht arm ist!
Wie man mir per BM gesagt hat, sollte ich hier nix schreiben das ich ueber "hoerensagen" mitbekommen habe. Ich habe am letztem Wochenende mit dem frueheren CEO(ueber 10jahre glaube ich) von forsys gesprochen auf der hard asset conference in san francisco (www.iiconf.com) gesprochen, wie gesagt ich werde hier nix bzw. keine details ueber das gespraech mitteilen aufgrund meiner BM mitteilung,aber das kann u. darf ich sagen, das es mich bestaerkt hat an forsys bis februar zu halten.
Good day xxxxxx
I apologize for the delay in getting back to your inquiry.
Once we entered into exclusive negotiations with George Forrest International (“GFI”) we (Forsys and our legal team, McCarthy Tetrault) underwent an extensive due diligence process to ensure that many factors, including financing were there. We have also been assured by our financial advisors, CIBC World Markets Inc, that financing is not an issue.
The deal itself is valued at approximately $579 million dollars. This transaction is an all cash transaction (meaning GFI will be giving Forsys cash only)—as for how GFI acquires that cash (meaning how much cash is on hand vs. how much he will have to get through a loan) I do not know.
The deal will be closing in February 2009. We have not solidified a meeting date yet, but as soon as we confirm a date, we will be sending out a news release alerting our shareholders when it will be. The details will also be released in that news release—such as when we are mailing out the materials to the shareholders as well as the voting proxies.
As for why Mr. Forrest isn’t buying more than 9.9% of the shares—I cannot answer on behalf of Mr. Forrest. Whether he is buying or not we are not privy to.
It is great to hear from you. Please contact me at anytime with any further questions or concerns. I have attached GFI’s corporate presentation (and accompanying text) which has a breakdown on all 15 subsidiary companies that make up their company. I know it can be difficult to gain information about them, so I thought this might be of interest.
Thank you for your continued support.
Kind Regards,
Tanya Jacob , Investor Relations Manager
t. 905-844-4646 f. 905-844-8949 m. 905 699 4572
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Hello Ms. Jacob
Thanks again for your explanation once again, it helps me and the community to understand some terms and additionally it solves uncertainty.
I have some additional questions to the agreement and especially to the Forrest Group.
I think Mr. Parnham said in an interview that the Forrest Group has enough cash to acquire Forsys Metals and additionally it has their own credit facilities. How exactly does Forsys Metals know the Financial situation in the Forrest Group Int.? In times like this, it can be quite hard to get such a big loan, do you know how much cash and how much will be a loan in the aquisition? It would be great when you could share some thoughts on the financial situation and on their own credit facility? Did Forsys Metals did some due dilligence on that?
Furthers I am wondering if you have a more accurate date when we receive the letter about the aquisition from our banks? I am currently living in America , but my bank is in europe as well as my permanent adresse.
One more question, do you have an idea why the Forrest Group isn't aquiring more than 9.9% of the outstanding shares right now, since the share price is still clearly under 7$?
Thanks so much for your thoughts once again, it is highly appreciated. ----------- An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1. Man muß nur die Nerven haben, das minus 1 auszuhalten. |