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Saturday, December 05, 2020 12:26:51 PM
If the option that it is easier to do the transactions while CLX is still a private entity is true, then it makes sense to do the dozen deals you referred to before announcing the DA
On the other hand, I suspect some larger entities will not want to do the deal if they are not dealing with a publicly-listed company. Some have suggested there are institutional investors who are not allowed to take positions in penny stocks. If that is true then in makes sense to complete the deal and move from the OTC to the NASDAQ and then do more deals.
I don’t know which, if either, is correct and that doesn’t matter much.
I do know I am anxious for one of those scenarios (or an equivalent) to be completed in the near future. I suspect many others watching this board may have a similar view.
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