"letter of intent", "memorandum of understanding (MoU)" or any other language has been used before.... means nothing until the actual deal is signed. What happened to all the previous "intents"/"MoUs" etc.? All flopped.
Market won't believe squat until a deal is engraved in stone.
"A wise man can play tha part of a fool, a fool can never play tha part of a wise man." All posts are just-my-opinion(JMO) and must be viewed/interpreted as such....