"letter of intent", "memorandum of understanding (MoU)" or any other language has been used before.... means nothing until the actual deal is signed. What happened to all the previous "intents"/"MoUs" etc.? All flopped.
Market won't believe squat until a deal is engraved in stone.
If I said yes, would you promise to rat me out to company "security"? LOL. Let's just say that you and I have very different ideas about what constitutes reliable information.
At the risk of turning this into a semantic argument, WNEC's involvement came through Piper Jaffrey. Those two outfits have the working agreement -- or "engagement", as the PR so breathlessly described it.