just had a conversation with Adam from investor relations
I introduced myself as a board assistant responsible for creating their company's profile on ihub. Adam assured me that the merger is very close to being finalized and when I cited the June 30 deadline given by CEO he said that they hoped the merger to complete before the 30th, but due to lawyers having their own time frames that did not happen, but the fact that it didn't close before the 30th does not in any way put the merger in doubt, it was a tentative date.
on financing - I was told that there are investors already lined up to finance the merger but details on names and amounts could not be released.
on merger terms - Merger terms are close to being finalized and as soon as lawyers give them the go ahead, these will be released to the public
on length of time - I asked "Is there a chance that the merger will take an additional 2 months to close?" "No, no, the merger is to be completed very soon and unless there are deterring factors which I am not aware of it should not take that long at all..
Adam also said that there are PRs waiting to be released..
He allowed me to share this info with the board...
