Absolutely not.
CEO Christopher Petzel stated on Twitter that the aquisition term sheet had been finalized and the funding was in place with an anticipated acquisition closing date by the end of July.
I could be wrong on my wording, but that was the gist of what I understood his tweet to be.
I do not hold much credence in anticipated acquisition/ closing dates, as typically there is usually a fly in the ointment that delays matters.
All i care about is that the parent company in this aquisition is Emaji Entertainment, and the company being acquired produces and generates revenues in the multi-million dollar price range.
Once this company is on board, EMJI will be a net cash flow positive publicly traded entity and its price per share will increase organically.
Im certain the Scotti Bros and others that received shares at .0002/sh knew of this acquisition and were comfortable paying the 100% premium based upon this acquisition alone.
Im comfortable with my investment at .0001 and will add to my core holdings only when the bid sits at .0003 and volume is pouring in.
I do anticipate some Heavy Hitters entering the stock ahead of and during the acquisition
News 
Market Data 
Discover 
