The two resigning directors were brought in to facilitate the deal. The PR acknowledges that they have done an excellent job and are leaving to make room for what must be AERO personal.
This means that even though we are awaiting the PR announcing that the deal has been closed, it appears that the deal is "effectively" closed already. This PR is a major tip off and a very welcome development.
Note the language is very complimentary and that the directors who are leaving were "independent"....
BUT THIS IS THE KEY LANGUAGE OF THE PR
"We look forward to the appointment of new directors to serve Aero Exhaust as it moves forward as the operating entity within the public company. We are confident that the new Board members will serve the company as well as Mr. Bickel and Mr. Nersion have," Mr. Peacock added.
That means the new directors replacing these fellows will be AERO management...
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