I really like those replies. They are accurate, but leave lots of wiggle room for an acquisition announcement on March 15. Here's how.
He is definitive on the auditors being done in next 2-3 days. Given the past 4-5 months of missed deadlines this is a very definitive statement. An auditors report is a moot point if an acquisition since no way does EGMI get acquired without perfectly audited statements. Thus, no need to release audited numbers, if being acquired.
BOD changes with auditors report. Get acquired, BOD disappears. There's the changes.
The way you wrote the Roth conf being canceled implies Roth canceled EGMI because Roth did not like the idea of a lack of an auditors report. This contradicts a previous poster who said they asked Roth about the EGMI cancellation and was told by Roth that EGMI canceled. Please clarify if you meant to say Roth or EGMI canceled. If EGMI canceled and EGMI seems 100% assured to have audited numbers ready by Monday, then why would EGMI/Joseph say Roth canceled them?
Smells like an acquisition.
