All of the questions about time line and Jim have been gone over and answered... the time line for an LOI is 40 days... so the announcement that they were adding 3 LOI's was on April 9th, go 40 days out from there and you have May 19th as the 40th day... as for Jim as stated he will move over and become a member of the Board of Directors and a consultant for the new company.
The biggest time line is the Definitive agreement with Durham Black and Contrivian... that deal was due to be completed by 40 days from Jan 30 when it was announced... which made it the first of April...but on April 9 in the PR announcing the 3 acquisitions they stated that the deal was extended and they would have definitive agreements ready in the "Next Few Weeks".... so how long is a "Few" one week, two weeks, three weeks or a month... there is no definition of A Few unless you want to change it to "Soon" another favorite word that company's use when they dont want to give an exact date... they will say "We expect those results "Soon"... which is what a week, two weeks, three weeks or a month...
But here is what they should be thinking about... How do they keep any interest in this if they dont announce until some time in May... that will be into the 4 month since they first announced... so for me I think they issue the Definitive agreements for Durham Black and Contrivian by the end of next week, still in April or the very first part of May.
