It would be a suicide to set the EX-date a week from when they announce it.
This is the time when they actually are able to promote the stock and are able get a lot of new information out there, road shows etc.
Less than a month before is insane IMO, especially in this stock.
It "needs" to be at the same time as the PRE IPO so they get some leverage from that and they need to get a OK from SEC, I'm guessing between 6-8 weeks from the announcement.
I think that they are hoping for some loan money and that a partner wants to step in to take a bigger chunk of the PRE IPO.
What happened to the loan commitment btw?
It looks like 3 bucks will break any second now.
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