P10 Industries Inc. (PX)

[bob4uall]

I can accept "Everything has been pre-planned", so where are we on the timeline?

It seems to me that the gray-market phase and listing of PIOE on the pink sheets came as a bit of a surprise. Was PIOE ready to have their lawyers do the listing application? Was their wording in the "5-trading days" clause explicit about whether that meant limited gray-market trading or the freer pink sheets market? These could have been problems that were not fully planned out. It makes me wonder if they anticipated the delay.

If the delay wasn't anticipated, then we are further along timewise than what was planned. So why the delay to acquire what was already planned for?

A few possibilities:
1. To shore up the tax situation, they may be waiting for an IRS private letter ruling. If the IRS gives their opinion about any tax issues in question, PIOE would be much safer.

2. The target company X that they planned to acquire didn't come to terms as expected. (Or there was no specific target company in the plan but they felt sure that they would attract one.)

3. There are delays that outsiders like us don't know about.

4. There are no delays and the acquisition announcement is on schedule and possibly imminent.

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