I told you there is a lot more to an acquisition of a foreign company. This is not a done deal as the announcements from the CEO have implied. They had to amend the agreement to allow more time, but more importantly, it still mentions that it gives each party an out, but now in a defined time frame. Essentially, the heat is being put on by LCLP and that is not a good thing. It may force the deal to collapse.
Another reason the pps is downward trending. Open up your eyes people. The CEO has a history of leaving shareholders out to hang when things go south. This filing is just that, a legal way of warning this deal may not get sealed.
This will be the true test of were we go from here. If the deal gets broken, this will drop like a rock.
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