Mark,
Good point about hundreds of entities just waiting to take Defkalion's
place -If Defkallion was foolish enough to commit a breach of contract then
Rossi gets to renegotiate with whoever he pleases, only now, he is in a far
stronger position to dictate terms. I would bet a larger suitor like LOCKMART
or GE steps in.
Fran
-----Original Message-----
From: Mark Iverson [mailto:[email protected]]
Sent: Monday, August 08, 2011 2:05 PM
To: [email protected]
Subject: EXTERNAL: RE: [Vo]:Stremmenos' answer.
Someone felt that it appears that Defkalion is acting conciliatory...
This isn't surprising at all... Defkalion and/or Stemmenos confirmed that
Rossi's comment about it
being 'purely financial' would explain what has happened. For whatever
reasons, Defkalion has not
performed according to the contract with Rossi. That 'performance' was most
likely some kind of
minor payment or deposit. I'm sure there have been many discussions over the
issue and Rossi
finally said, "That's it. No more talk. If you can't meet the contractual
obligations then it is
within my right to cancel the contract." Of course, this dialog is done thru
their attorneys.
Perhaps Defkalion was trying to gain some leverage, and Rossi eventually got
tired of it and called
their bluff. Then when they learn that Rossi has been in the US and apparently
signed a big deal,
Defkalion has to back-peddle and kiss major italian ass in order to save their
investment. Rossi's
'big deal' in the US could also be a bluff, but is Defkalion willing to take
that chance??? It would
appear that Rossi won this round of bluffs... This is big-stakes poker at its
best.
This is how deals are done... Its all about posturing and leverage and whether
one side wants to
call the other side's bluff... If it isn't a bluff, then you may have just
postured your way out of
the deal; in this case, there are hundreds of entities who would take
Defkalion's place in a
heartbeat.
-Mark
