Sorry mbuck6058 that I did not answer your question but am glad that sully1215 took care of that for me.
LOI means Letter of Intent. In a nut shell it means that all parties have agreed to the terms, but just has not been finalized yet.(Very basic definition)
Now on to other business.
The DTC issues is interesting to me. Because I find it interesting that with all the due diligence and all of the poking and prodding, financial reviews, audits, and due diligence fees, that PIHN is on the restricted list.
PIHN is in a position it would NOT take much effort to update (whomever needs to be updated) with the appropriate information to bring PIHN to current. To take it a step further if we are to believe the financing is coming from Wells Fargo then, I think that Wells Fargo would have it as a requirement that PIHN get and stay current.
My guess is (again if we believe all of the audits, ect… ) if PIHN has to update the SEC I think that we could be heading (IMO) to an up-listing simultaneously as the announcement of the closing if they are filing the paper work then they might as well file it all at once. There has to be a reason that “OUR BUDDY” (said with clenched teeth) CB is not PR’ing this information. His business site is all about PRs, writing, performing ect. I just cannot understand if “CB’s” whole business and web site, is based around PRs and the quote from Gates at the bottom of his emails why we would not see a PR since April.!!!!!!!!
There has to be a reason for the silence. Things just do not add up.
Or he is just really, really bad at this whole marketing thing and we need to move on to someone that knows what they are doing.
Now again this is all just a guess and my opinion and maybe a lot of hope that this is a real acquisition/Reverse merger and that PIHN is on the up and up and not a scam.
Now, I have not received an email from CB since the other day when I posted about the Gates quote. So if he removed the quote as honestabe113 has said, then at least we have one answer!
… … … He does read this board.
Trust me I am NOT defending him, but, he could have answered your email from a device that did not have his auto signature set up in.
Anyways that is my thoughts for today.
I really hope that Ken and others get there shares into a position that we all have a shot at making some …. Errrr at least breaking even on this wild ride we call PIHN.
