I assume that the promoter is merely unhappy about the lack of aggressiveness both from the USPR management and the JV group. When you think about it, a $100 mil deal should be given a priority over holiday break and Christmas parties which makes you question how serious all the involved parties are.
In addition, as the closing of the deal is extended and pushed back longer and longer, it is giving more time for all potentially negative events that could go wrong and ultimately prevent this deal from happening. Who knows? The JV group may encounter a better, more enticing and more profitable investment opportunity and they could flip like a switch and change their mind before we know it. I don't mean this will happen, but at the same time everything is possible. My point is that uncertainty is growing which might increase the risk of holding the stock.
I am a believer and an optimist. I hope and think the deal is likely to happen. If you are like me, you don't want to hear what I stated above nor any pessimism. But at the same time we have to be realistic and consider all the what ifs and prepare for the worst.
At this point, the one thing I know for sure is that I don't know anything and anything can happen.
