“They can PR that the merger is done and completed any DAMN TIME THEY WANT TO!!!”
Incorrect. They are an SEC registrant and have filing obligations for material events. An agreement to merge or acquire a company is a material event and has to be filed within four days of signing. An LOI to do such an acquisition/merger is a material event if it is binding.
They have made no such disclosure so no such Agreement exists.
Understanding Securities Law can help avoid making incorrect assumptions.
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