Hannover House Inc (HHSE)

[downthehatch]

There is no $65 million in financing.
Read what they actually said:

The merger ... is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner.

So, bottom line, no merger, no financing.

There will be no merger, just another excuse blog.
The market knows this, that's why the bid has dropped back to under Friday's close.