POW! Entertainment Inc. (fka POWN)

[rickn23]

I'm guess it's some kind of regulatory approval:

From POW Attorney

The shareholders voted overwhelmingly for the merger (in excess of 75% voted in favor while less than 10% voted against with the rest abstaining or not voting). One of the final regulatory filings was made today and we expect that the Merger will go effective next week with the Disbursing Agent making payments to shareholders after that.

James O. Thoma

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135323022

It could be an anti-trust review from the FTC and DOJ. It could be a 15 to 30 day process.

https://www.ftc.gov/enforcement/merger-review
https://www.justice.gov/atr/merger-enforcement

The proxy statement put the buyout at about 5 cents. $1 million ($0.008 per share)was held back to pay for various things, whatever is left (if any) will be dispersed later.