Friday, May 28, 2010

The Latest on FBBC Sale

A couple of nuggets for the Flying Bison faithful.

Late on the 27th of May, FBBC declared on it's Facebook page "T's have been crossed.  i's have been... Wait for it... Wait for it... Wait for it... Wait for it..."

Certainly sounds like positive for those hoping to touch their lips to the FBBC ales again soon.

In other news...

Shareholder David R. Chudy was quoted extensively in a recent article about the disputed sale of FBBC.  In an opinion piece to today's Buffalo News, Mr. Chudy states that he was misquoted in the May 22, 2010 article

Stating that the deal with FX Matt Brewing Company is the best deal for FBBC, Mr. Chudy explains "while I did not think the investors would get back all of our investments, I did and do believe we will get back a significant amount, and a much better return than any other deal available. I went on to say that in addition to the financial return, there is an added intrinsic value to be able to walk into a Buffalo bar and order a Buffalo beer, Flying Bison. Omitting the word “all” and my subsequent comments changed the entire cast of my remarks."

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