Sunday, July 16, 2017 9:14:04 PM
According to the last PR from Keith M Berman his response indicates the M and A offer was through a voice on the phone and through email which he alludes to as unprofessional. If Keith M Berman requested the offer to be more formal and professional, maybe the "venture fund" does think like traders.
"In April 2017 the company's Principal Executive Officer, Keith Berman, received and reviewed a prior offer proposal, first expressed verbally, and then in email form, from the proposed acquisition partner. Mr. Berman found the earlier offer to be incomplete on its face, and open ended. Mr. Berman, at the behest of another Board member, asked the proposed acquisition partner to conform the offer in a manner more consistent to standard M&A proposals and documentation."
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