selling into promoting, page-5

Endocoal Limited (ASX:EOC) (Company or Endocoal) advises that it has recently received unsolicited approaches from a number of interested parties regarding potential corporate transactions at the asset and/or corporate level.
In light of these recent developments, the Company has appointed Grant Samuel Corporate Finance Pty Limited (Grant Samuel) as its financial advisor to review and manage all such potential transactions and a data room is being established for this purpose.
Endocoal reiterates that the approaches referred to above are preliminary and incomplete, and it is highly uncertain whether they will lead to any proposal for consideration by the Company's directors and shareholders.
The Company remains committed to maximising shareholder value from the Company’s current suite of projects and tenements as previously advised to the market.
Endocoal anticipates completion of its Bankable Feasibility Study for Meteor Downs South during Q1 2012.
Endocoal will continue to update all shareholders on any material developments as and when they occur.

wonder how long until we see AQC in a similar position?