Saturday, May 07, 2016 11:32:50 AM
The stock has tanked since May 3rd. The deal, if done on April 28 - as stated on the 8-K - should have been reported May 4th at the latest.
I want to make money and if the deal is reported as done through SEC filing I will be buying in.
Until that point many people like me will stay out.
This stock needs news to recover and for people to stop selling.
Rumors of the CEO responding did nothing for the price.
We actually need something substantive.
FYI, Deal can be terminated by either party any time after May 2nd.
No Positive Confirmation and the fact that we are past May 2nd doesn't look good.
Even if the CEO responded to me and said deal is legit ... I wouldn't care because there has been no filing. Telling people it's closed before telling the public via a PR or an 8-K could also create a problem.
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