They are intentionally stalling. Nothing will be done. Nothing will be sold. This is all just a change of control. I don’t believe in any of this. They could’ve done this deal out of BK. I believe this is all being done for tax purposes. On the slim chance this is for real. The deal is done and all they are waiting for is to consummate one second sale has been done. We all know that if everything is sold at once, it’s all going to Vector or merged back in. I’m still laughing that we haven’t seen UC results. If we knew that those results were positive, then this discussion would be done with. They will do another extension. July hearing date as well will be extended. Both trial dates meaning nothing to me. These guys will consummate when they have there taxes figured out. Need IRS blessing. Maybe even SEC blessing. Lots of blessings.
The exact wording of the email from Immune's attorney to Discover on May 29th:
"As for the status of the sale motion, Vector is not in a position to proceed forward with the motion and closing thereafter. We remain in discussions with them."
They are definitely stalling. Teper needs Ceplene, but he is in no rush- really frustrating not knowing what is really going on here.
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