CLEARS UP NOTHING. This only makes Matt and CBAI look even more stupid. Matt is claiming he made two offers to CCEL but only is releasing that info in a Facebook forum? Wow, how professional is that? I think his share holders should know what is GOING ON HERE! He's no better than Mercedes for concealing information from his share holders.
If in fact Matt made two offers to CCEL then 1) he had financing in place for it or 2) he had no financing in place when he made those offers.
If financing was in place, or if the money was there, THEN WHERE IS THAT MONEY OR FINANCING NOW in order to close the CMEX deal?
It's quite clear Matt does NOT HAVE MONEY. And he is trying to acquire companies? That is pretty bad business. Once again he is DILUTING to satisfy his ego.
The Letter of Intent is clear - MATT NEEDS TO DILUTE if there is any hope for this deal to close.