Moon Equity Holdings Corp (MONI)

[WarMachine]

WOW! A LOI is used at the BEGINNING of a deal attempt. What kind of garbage is Frank trying to pull with this? Seriously doubt this "deal" ever happens. No wonder the protectors of $mONI were so dickish today. lol

A letter of intent is a document declaring the preliminary commitment of one party to do business with another.
The letter outlines the chief terms of a prospective deal and is commonly used in business transactions.
LOIs are useful when two parties are initially brought together to hammer out the broad strokes of a deal before resolving the finer points of a transaction.
Terms included in an LOI are certain stipulations, requirements, timelines, and the parties involved.

Yet Frank PRed that the attorneys had documents in hand as if the deal was near completion. Borders had eluded to the SEC approval being the last hurdle prior to the attorney PR being released. If this deal takes much longer there should be attorneys involved, FOR SHAREHOLDERS! Class action suit anyone?