While I highly respect Scott's balancing act between management and us shareholders, and his intend for simplification to not make updates too technical in finance terms, I feel that at this juncture it is important to clearly differentiate between three seperate events and their effects - at least as I understand them:
Upon effectiveness:
- We will know the definite merger date
- Sphere will be able from a regulatory standpoint to release news
- Sphere will also be able to delist after the effectiveness
Upon merger:
- The company will have a new CEO and board and may wish to more actively announce news
- The company may feel stronger in public, to engage in IR, maybe even later conduct road shows etc, as it will be one large entity
Upon delisting:
- In the process/as a result thereof the naked shorts will not anymore have the ability to be naked shorts, they can still go short albeit on the US side that is possible only to a much lesser iextend and in a more transparent and regulated manner AND much, much more expensive.
Gentlemen, we all have a lot of money at stake here and we are all adults able to juggle in our heads three seperate events and their effects. Linked, but seperate, and in terms of timing of delisting, or of start of release of news, it is entirely in management's hands when to start with that after the effectiveness next week! See above.
To confirm, I as many here understand strategic reasonings or public relation reasonings management may have in keeping news flow light or to not delist before the merger is closed BUT lets please understand it is NOT a regulatory restriction, BOTH are/will be a purely discretionary choice in terms of timing that management can and should evaluate every day, yes, also based on the stock price!
Let's start to understand the effects of each seperate event and stop to pretend the order of events is set in stone...please...
