JPX Global Inc (JPEX)

[Bauer75]

Unless MGC is buying the entire offering. They could be waiting for SEC approval for the purchase of the offering. If denied by the SEC then they can walk away and pretend like the merger fell through. Or they can then finalize and announce everything knowing they already have approval from the SEC. IMO its already done and MGC has control of everything but if for some reason the offering is denied then they'll leave. Frank has had too many fuck ups in the past that any buy for the rest of his life will require a clause to be written that they can get out.