If TA is difficult or there is some shady stuff going in there could Emergent just walk away from it? --
I suppose it's fair to say that Emergent could walk away, completely or as in change course. (see last question) I don't see that even on the table here. The have been pretty transparent and they apparently
aren't newbies to this kind of thing. So based on what we know at the moment there isn't any reason to think Emergent would walk away. If they've vested themselves in taking over the company.
Or is this stuff usually worked out in a positive fashion? --
Yes. Usually, in general terms, this like this work out in a positive fashion.
Like why subpoena? --
The subpoena has to do with "getting records" if you will. Apparently the TA hasn't been willing to give then open access. But also in defense of the TA, as food for thought, technically the TA works for the old company, not the new. So the TA may have some reason, valid or not, to want to hold on to the records and stocks. (maybe it's as simple as staling hoping to remain the TA for the new company.....a ploy to retain their business, etc etc etc........) Or perhaps the TA is scrambling to cover something and needs time. But the reason for the subpoena is t "get records" it's not in an of itself and indication that anything is wrong, or illegal, or in default, etc.
Is that protocol? --
In odd situations similar this, from a business standpoint it would be considered a normal course of action. A subpoena has to be issued to gain access, willingly, or by court order, etc.It opens to door to the obtainment, court order, seizure or whatever needs to happen to gain access.
Or are they being difficult? --
Sounds largely in this case like the TA is just being difficult.
Do custodians just walk away from shells when the TA is a problem? --
Again, that's a really broad question. But I would say this..... No, it's not common for Custodians or Merging companies to walk away from a deal. That just plain wouldn't be good business and they would want to resort to all options available to best serve their investment in a deal. --
The caveat to the question is that in some number of cases if all possibilities are exhausted of something really bizarre happened during or to the deal the custodian, purchasing company, or merging company could elect to take the company private instead of keeping it as a publicly traded company.
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The facts here aren't really any different than for any other stock or trading event. Don't risk what you can't afford to loose. Learn to be patient. Don't pay attention to the flap that will come into play. Trade it like you own it, etc etc etc.
Can't and won't make anyone else's trading decisions. But I will say ETEK is one of the best potential plays I have seen for some time. Will it pan out and pay off? Dunno! But for me, I am going to keep accumulating for awhile yet. LOL.......subject to change, but I don't have a sell set until .016 so I am going with the hunch that this is going to be a .2 cent+ stock in the end.
I'm just gonna stick it out and see what happens here! $ETEK
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