Feel free to delete (or not.)
The share stuff etc. is out of my wheel house. I typically rely on you old timers for share structure knowledge. That being said, I won't let that stop me from speculating until the cows come home.
The firm managing the merger for CLX has to know why the yield is up. (Right?) So, wouldn't CLX know where the new shares went? Verify this, would they know where newly issued shares were issued too or could they find out easy enough? So, why not call it off already if it was done maliciously by Bruce. Maybe they haven't given the official announcement to give an opportunity for JG and friends to get out? (This is the scenario that scares me the most.) However, we gotta keep in mind, this merger isn't just JG, there's others involved as well. Would everyone say, 'Ok, hold the No Merger announcement so Joey can sell'? Doubtful.
Also, why would Bruce screw something like this up? If those shares were issued without CLX's consent he'd be blowing a HUGE opportunity. He's looking to make money off this merger too, is he not? Do you think he could make more money by turning this into a scam?
Unless, the opportunity was already blown, Bruce knows and so he's milking it for all it's worth until the official 'it's over' announcement... If this is true, CLX would be shady AF due to the repeated statements of 'Roadmap Intact' and quotes of old tweets mentioning 'PubCo'. It would literally be CLX pumping a penny stock they were no longer going to be a part of, so that others (a scammer) could make money. It would almost be aiding a scam if they DIDN'T make an announcement as early as possible. I bet worse things happen on the OTC all the time, but the players here don't seem like the type.
It seems like JG and CLX are honest. I haven't seen a shady hair or tweet outta the guy. (So far.) I mean, he was tweeting at us for months to keep us informed. He didn't have to do that, and he wasn't big into twitter. He only tweeted once every couple months before the delay. Then he picked up on twitter. He was trying to help, trying to keep us informed. These shady scenarios don't line up for who I think JG is nor what I think CLX is trying to be as a company.
So, for me, it comes back to - CLX knows why the Yield is up and has given their approval. That means it's necessary because it's keeping the NDA stuff intact, or at the worst, the yield is not harmful to the merger.
So, it comes down to, it's possible the merger has gone to hell, but there's too many things saying it's on for me to really believe that. CLX told us to be patient trust that they're working on it. It's still early Q4.
I don't know though, I'm just a hopeful PASOholic.
What am I overlooking?
