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I actually did some fishing on this today....and its exactly as I thought.
From a source inside Manwin:
The only reason that the guys behind Manwin want New Frontier is to take the company public through the back door. Fabian is just the front man he doesn't have a clue how that works until the real bosses tell him. There is no way that Manwin could survive the scrutiny required to go public through an IPO, so the plan is to buy New Frontier which is already publicly held and get in via the back door.
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Mike South
It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.
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