Ann: FBR & BKW extend Shareholders Agreement negotiation period, page-51

As disappointed as anyone.

When I saw the 45 days time limit of the 1^st BW MOU, initial thought was they quite sure of a deal and rushing to get it done.

Why go through the trouble of an MOU and why impose a 45 day constrain to tie themselves up and risk further shareholder angst.

Bought more in the run up to this ANN but happy to hold.

Gut feel is that its not gonna take another 45 days – deal or not. Are they going to tie themselves up again for another 45 days without conclusion.

The sole consolation I take from this ext ANN is para 2’s “associated documentation”. Is this the slightest or biggest hint they offer us?

Maybe too optimistic / really unforseen cockups /admin bottleneck given BW’s FY end.

Whatever it is, wtf do they want another MOU, given CAT fiasco and further slap 45 days?

Those who know better please shed some light – sans abuse please.

FBR walk from CAT because of WaaS. Fine.

But exactly because of WaaS, can they afford to walk from BW?

In the balance of power, who needs who more? FBR > BW or FBR < BW?

I’ll go with FBR < BW. At least for now, in Australia, before WB.

My bet is deal within next 45 days. My bet is as good as yours. Do remember FBR has a knack for surprises, nasty ornice.

And their demo to the world in “early 2019” per CAT aftermath CEO letter. I hopeits not just the blogs we had so far.

Peace and GLTAH.