HeadsUp Entertainment International Inc (HDUP)

[solong]

$HDUP - I have a guess regarding Spinola and the timing of the announcement. FWIW. I emphasize that this is a GUESS.

If I am the CEO of Spinola would I want to merge into a stock listed on the OTC Pink market? Assuming that they have the revenues we've heard about, the answer would be no. That would be nice for HDUP shareholders but it would be of no value to me (CEO of Spinola). I have to assume Ade Recenko (CEO of Spinola) would stipulate that Spinola will not merge into HDUP until they are assured that a Nasdaq listing is definite.

Last August (16th) the company stated in a PR, "This step now allows for HeadsUp to complete and finalize definitive agreements for the full acquisition of Spinola and its related companies". That was 9 months ago and it doesn't take that long for them "to complete and finalize definitive agreements" and that's why I believe that Ade would not agree to join a security listed on the Pink exchange. I suspect that there is an agreement to hold up the merger until there is an inevitable Nasdaq listing in sight.

Again, it's just an opinion...I wouldn't be surprised if it wasn't the whole story.