The IPO is not a done deal as long there is no official SEC filing. I guess the roadshow to get deep pocket underwriters is key for a sucessful IPO and this can take months, the market has to support the structure of the IPO (no word out).
I guess this was a quick shot of Jay like a few other things like listing or Fortune 500 financing that never came to fruition.
I don´t value people for the empty promises I value people for execution and fulfillment of their promises and this is reflected in the share price.
Two pair shoes and Jay hasn´t learn his management lesson.
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