Cann American Corp (CNNA)

[energystar]

according to this below the merger isn't going through...so why is the news today even relevant???
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8859580
SECTION 8 – OTHER EVENTS
Item 8.01 Other Events
As previously reported, on July 16, 2012, Bioflamex Corporation, a Nevada corporation (the “Company”), executed an Agreement and Plan of
Merger (the “Merger Agreement”) by and between the Company and its wholly owned subsidiary, Bioflamex Merger Sub, Inc., a Nevada
corporation (“Subsidiary”) on the one hand, and Terra Asset Management, Inc., a Delaware corporation (“TAM”), on the other hand. Pursuant
to the Merger Agreement, on the effective date, TAM would merger with Subsidiary, with Subsidiary surviving the merger and TAM ceasing
to exist (the “Merger”).
The parties to the Merger Agreement are currently in negotiations to unwind the Merger. The Company expects to provide more information on
the unwinding transaction and the terms and conditions thereof in the coming weeks.
As a result of this development, the Company will not be providing the audited financial statements or the pro forma financial information for
TAM, as indicated in our previously filed Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 24, 2012.