Defentect Group Inc (DFTC)

[HaasCat]

I think what that’s suggesting is that HMMR is committed to a change of direction. Them acquiring a new company is consistent with them letting go of their old assets and ventures.

Transferring their assets to DFTC leaves them w a bit of a void...that disclosure you’re referencing kinda fills the void.

That’s kinda how I view it

One things for sure the LOI is still in play because they haven’t formally unwounded it. Parties aren’t bound to it completely but LOI’s generally have a “no shop clause” meaning they can’t entertain negotiations pertaining to those assets with anyone other than LOI...unless they formally disclose that they are unwinding the LOI