InvestorsHub Logo
Post# of 72136
Next 10
Followers 28
Posts 829
Boards Moderated 0
Alias Born 01/18/2010

Re: ryanplaya post# 18821

Wednesday, 02/03/2010 10:37:26 PM

Wednesday, February 03, 2010 10:37:26 PM

Post# of 72136
Hey all. Keep in mind that with every merger/aquisition there is a due diligence period; to the benefit of the purchasing company: MDGC; usually 30 -90 days, that conmences after the companies have an agreement.

Companies create these agreements so that the purchasing company can ensure that they're actually purchasing what they think they're purchasing; and if not, can get out of the agreement/ merger or re-negotiate to correct discrepencies in the deal.

This may be what is happening with MDGC. They may be still have a few weeks left on a DD period and can't yet give a good, clear PR.