Tuesday, June 27, 2017 3:25:27 PM
That's why the RS vote and increase shares allowed to be offered is a catalyst itself. Anyone doing some DD will see management is bad, and will dilute if allowed to.
Another point that keeps coming up was the 14A was not retracted. It leads me to believe the shareholders are against management and want to force a deal rather than RS and more dilution. Because STS results are already out, and the value is there.
So it comes down to SCLC data coming out before they vote on finalizing the deal since the SCLC data can influence the value.
It seems to me they will announce SCLC, then just before the holders meeting send out the proxy about the merger/acquisition to be voted on.
By law, they can't conceal the merger deal if sent to shareholders. SEC rule requires that any information the company disclose to an individual needs to be made public.
It be interesting if people start to sell out just before the shareholders meeting due to RS fears. This becomes the chicken game to see if who sell out first.
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