Actually, that is how business works. Alot of reorganization occurs when a company gets bought out. Any business that was in the middle of the process of getting done can instantly get either postponed or canceled especially if they let go of the management that was in charge of that deal. The possibility of the deal falling through or postponed when the company was bought out is 100% plausible. IMO PPG has other plans for HCTI and that is why that particular deal fell through. There isn't a rule out there that says any business must be completed even if a company changes when it gets bought out. There are no rules like that when it comes to business. That's just ridiculous. It's really up to PPG to examine the business and it can do whatever the hell it wants. Yes, PPG probably scrapped that deal, but that does not mean they haven't started down a different path with HCT. IMO PPG wanted to reexamine HCT and as a result they decided a private label formula would be the new plan. That is why it seems to have fallen through and that's why it's taking soo damn long.
There are definitely a ton of eyes on HCT's technology trying to figure out how they can integrate it with their products. If you really doubt that then you need to get your eyes examined. There's a ton of DD out there that shows these huge chemical companies testing HCT's products throughout 2014 and 2015. All of them can't be wrong when multiple big chemical companies are testing something. Just connect the dots. It ain't rocket science.
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