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Saturday, May 07, 2016 11:08:17 AM
If it did close April 28, an 8-K should have been put out by May 4th. Why? Material Events (how is a change of control transaction not a Material Event?) need to be disclosed within 4 business days.
We have not had an 8-K confirming the deal.
It could be that things are alright. But, besides hope, there is nothing that proves things are going good.
We have reached the point where people who bought in need a legitimate reason to hold. While people who might buy are holding off because things are uncertain.
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