Saturday, February 25, 2012 11:02:32 AM
It's clear to me that deal is not done: if it were, it would have been announced. They must want to announce as much as we want to hear it announced.
The reason it is not done has to be that the conditions are not yet met - namely, OPMG hasn't yet been able to raise the amount of money necessary to meet the conditions of the agreement. Who knows what ways they are turning themselves inside out to get that money raised? But surely one of them is selling shares. That is the only thing that accounts for the endless supply of shares at the ask.
I think that is the log-jam in the way of any substantive annoucements coming out from the company. They are planning to have announcements come from the merged company, so they are waiting until that time - IMHO. That's why we're not hearing anyting from them.
I think people of their ability will get it done, but I think OPMG may have misjudged the difficulty they would have in raising the money. I think that's where we're stuck.
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