Chart + purchase agreement + my brain + my experience as a securities attorney.
Again this has already been answered for you as well..
Ive been a part of a lot of reverse mergers and I will say this. The fact that the attorneys have already negotiated and come to terms, then put together and filed and 8-k to announce the merger has already been very costly and time consuming thus far behind the scenes pre 8-k. Also the old PCAOB accountants were fired and a new Reputable firm has been pout in their place. CPA's get paid cash and require retainers. For SEC purposes the audits must be done before "Official," but lets face it, at this stage there is less then a 5% chance this deal falls through.
Also people keep references December 15th as the closing date which is ridiculous and dead wrong. The official closing date could actually be next week.
Were just waiting on audits folks and if your recall new auditors were retained and contracted at the beginning of October. My guess is things are about wrapped up. ;)
"“Closing Date” means (i) the date which is the third (3rd) Business Day after the first date on which all Closing Conditions have been satisfied or waived pursuant to the terms of Article IV, other than those Closing Conditions which by their terms will be satisfied at the Closing, or (ii) such other date as Talk, Lee and UMS mutually agree upon in writing."
