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Old 07-07-2013, 06:55 AM
AndrewJ
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AndrewJ is offline
 
Join Date: Mar 2006
Location: Melbourne
Posts: 1,905
Gday AstroBot

Quote:
JOC* bought Meade.
Not yet

There is a very good thread running on cloudy nights re the shennanigans that appear to be going on behind the scenes.

JOC through Explore Scientific put in an offer that the Meade BoD were considering. Then a new group MIT capital ( which according to some in the US, looks like a shell company to cover some investors/venture capitalists ) put in an alternate bid, and just recently started to try an unsolicited direct buyout of the shareholders.
Soooo, its all still in limbo at present and some reckon if they keep fighting, the lawyers get the money and meade goes bankrupt, at which point all the bits get picked off by whoever is closest to the carcass.

Andrew
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