Friday, May 14, 2021 9:58:03 AM
The original PR stated clearly, as you highlighted, that due diligence is "well underway".
Doesn't that imply that in the coming weeks and months things could surface that might derail the purchase?
So if it is now announced that indeed, after "extensive due diligence", the deal was taken off the table, what is wrong with that? Should they have ignored whatever eventually surfaced, just to make good on the PR? That's obviously ridiculous, and I'm sure you agree.
Of course, the issue is why nothing was said about this for so long. Here we agree. There should have been some kind of communication with shareholders. We shouldn't have had to draw conclusions from the shadows, only to be confirmed months later by the 10Q.
So we can at least agree on that.
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