Replies to post #37 on NewGen BioPharma Corp. (NEWG)

[Big Brother]

If this merger was done one would think with Dr. Jaikaria's supposed Wall Street connections that we'd see some early buying or bid support... and we have seen virtually none of that thus far.

I think the 10K shares sold @ .80 was prob just an iHubber or someone trying to flip @ $1.00 as NITE has more shares than he is showing, and $1 arrived on the ask immediately after that purchase.

[Big Brother]

I missed this in the latest 8K filing

The Definitive Agreement will contain customary representations and warranties by the Company and NewGen regarding our respective business, operations and financial condition, as well as customary covenants and indemnification provisions. The Definitive Agreement will also contain certain conditions to closing typically found in an agreement of this nature. Subject to the pending negotiation and execution of the Definitive Agreement and the satisfaction or waiver of all closing conditions to be set forth therein, we expect to close the Merger Transaction on or about January 31, 2017. A copy of the LOI is filed as an exhibit to our Current Report on Form 8-K filed with the Securities and Exchange Commission on November 2, 2016, which is incorporated by reference herein.

So it looks like we won't find out till the end of January if the merger is a done deal. Question is do you risk buying shares now at the bottom or wait until the deal is finalized and prob pay more. It's dead money if the merger falls apart like last time so it's a tough call.