Tuesday, May 17, 2011 11:26:07 AM
No one knows the order things were happening three weeks ago when someone found out by chance that the reverse merger was happening because of a change of address of STDF.
Ever since then the process and timeliness of the reverse merger has been under pressure from shareholders (can I say gamblers) who want a quick buck.
Scorpion mgt had to buy their existing mgt out and the price shot up - one side or the other then put out the IR confirming the r/M and alerting to possible R/S so price would drop and transaction of shares could go through.
They have a business to run and want to ensure all filings are correct. Accounts for the new STDF should be the next thing we see along with confirmation of the name change.
I don't see anything shady going on at all, just small company trying to get listed and having their hands forced by a chance detection of the trade. I guess they were really working on having things done by end May or June and now everyone one wants everything completed last week - ain't going to happen -
Patience my friend that is all it will take - keep adding here IMHO or have some ready to roll once any more concrete information comes out.
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