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Tuesday, June 03, 2014 9:53:05 AM
To Me
Today at 9:46 AM
We have been going round and round hammering out the last few details. This is not a process that can be rushed and we will not enter into an agreement that does not represent the best interest of our shareholders. Because Fortitude is not a fully reporting company, in the merger, the surviving company would be required to file a super 8-k within 4 days of completing the acquisition. We were in the process of auditing our financials so we could up-list but with the suspension that has held up this process. We have had to modify the terms of our merger agreement which is what is taking so long then expected. The modified terms were circulated to both sides late last evening and we are confident that the fully executed documents will be received some time today.
I know everyone is on pins and needles but we are doing everything we can to ensure that the shareholders come out of this in tact. We will update the public when we have viable information to offer up. The transaction is moving forward and ultimately will close.
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