Well, if you assumed right from the start that the PR is not fake, good for you. This is the OTC and nothing can be left to assumption, hence this DD is helpful to a multitude of us to let us know the effort towards the merger is headed in the right direction. This DD adds confidence to a PR that states the LOI is non-binding. He deserves credit for the effort put and many of us are grateful to him for it.
Sorry that this DD is not helpful to you. If you feel you can come up with something better we would love to see it and eagerly await your contribution.
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