Wouldn't be surprised if it comes next week, not tomorrow. I also would not be surprised if it comes after the March 1 deadline. That was a self imposed deadline, basically picked out of thin air, and may have been used just to grease the wheels to get this thing together quickly. Technically we have until the BOG meeting, maybe ideally a week or two before as a courtesy to give the committee adequate time to review (don't want to give the opposition any reason to claim there wasn't enough time to review our deal.) So, practically, it seems to make sense to wait as long as possible to prevent a counter from H/B, but enough time for BOG to get comfy with what we have. At the same time though, you have to motivate/grease the machinery on our side to get the deal together. The March 1 deadline may have been more about that. Also maybe to just keep the other side off balance (making them think they'll have time for a counter.) So now, at this point, if the deal is greased and nearly ready, KJ CAN actually sit back, power in hand, and drop the bomb when the external timing makes best sense. Which, again, may be closer to late March/early April. Another point is that that may be the actual public announcement, but if we can inform Stern/BOG in total confidence/privately what we have, then they'll be primed (and possibly have already reached a consensus behind closed doors) to publicly approve our thing shortly after our "counter offer" is publicly announced. Honestly, ****, we may have already done all this and have it basically conditionally approved behind closed doors and it's now just waiting to be played out publicly according to the best timing politically.
Does this sound plausible to people?