The review lasted nearly a year. While the company would be attractive we think to many, it currently is a very politically-charged sector and the company's comments about its likely inability to conclude a deal we think make a lot of sense. Governments would have looked very closely and blocked certain buyers, we are sure. While maybe disappointing to some short term traders, the valuation, outlook and yield for the company still remain attractive. The GIP sale is quite significant at $53M, considering market cap of $82M. It also moves the company into a debt-free situation with some cash. The deal is conditional, and the company does remain in default on some debts, but if this closes it is certainly a big relief. The details on FEP are light, but certainly getting a lead order is very positive as well. We do not know the amount or the buyer but hopefully they have deep pockets. Either way, getting a marquee lead investor usually helps convince other investors to come on board.
5i Research Answer: