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Re: Saving Grace post# 69704

Tuesday, 11/24/2015 8:00:55 AM

Tuesday, November 24, 2015 8:00:55 AM

Post# of 132362
Do you really think that after LOI of intent is filed in July that a week or so later, that Sheneka Rains can both be the CEO of Telemend and also be the COO of Supurva BEFORE the deal has even been approved? Can't happen. These companies have to act as 2 separate companies until acquisition has been approved. She can't both be the CEO of one company and COO of the company that is acquiring her company. That would be collaboration. What happens if the deal doesn't go through or is rejected. Both parties would have than gotten insider information about the other. That is not allowed.