Well, I am not a lawyer or an expert, and everyone has to make their own decisions on BTCS, but I stated awhile back that if the LOI was stated as non official or binding then I wonder if this would allow BCG to purchase shares on the open market and not disclose until it became official? I believe there is a window of time that a company has before they have to report as an inside holder. Remember reading that over the years. Can not remember how long they have.
Ultimately, let us take away the LOI totally for a moment. If that did not exist then it would be totally acceptable for BCG to buy as much as they wanted and then would have a window of time before they had to disclose those holdings. Look up the merger and hostile takeover of Porsche and VW. Good read about buying stock on the open market behind the scenes. But honestly, the lack of any mention of BTCS "shareholder voting" while extending 75% of the companies equity to BCG makes you wonder if they are anticipating having at the very least 51% of the current company structure in order to not have to have any votes. Of course, I could be totally wrong. But the lack of any current BTCS shareholder involvement in the LOI or even speaking of us makes one wonder what the scoop is on that. Just trying to connect the dots here. I am sure we will see if I am right or wrong very soon here when the merger door is opened! Good thing though in a reverse merger situation they can not just cancel our equity or shares without a BK which would defeat everything they are trying to achieve here I am guessing. So at least that part is good IMHO for what it is worth. GLTAL.
