They havnt confirmed a merger. That is my speculation. Company is not going to tell us that until the are ready to file an 8k and notify everyone.
As for keeping control, I am not sure. I dont see him giving up control of UAT but maybe he would not run the public vehicle. He might be content running the subsidiary UAT only although that is doubtful. I think he probably already controls the public company that is going to acquire them and is keeping it quiet. If there is one thing I am certain of is that the man is a planner and wont leave too much to chance after what has happened. Its how guys like him are wired. Too many people counting on him to leave it in the hands of anyone else. Thats why I dont think its a major company like GE or Lockheed. It will be a mid-size QX or NYSE company IMO. Probably trading at $3 pps and have revenues of over $2M because that is what is required. Just an old cowboys opinion
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