One thing had nothing to do with the other. The Sept LOI was cancelled by Dec 4th 2020. The only thing that was important to the issuer was the secondary offering proceeds. Because the secondary was ‘firm commitment’ as opposed to ‘best efforts’ the Underwriter had ‘committed’ to buying the new $6 shares and sold the $6 shares to the underwriters syndicate. Also Beyman had converted $3.8m of old debt to $6 shares and those had to be sold as well. The underwriter had included in the terms of the offering that their ‘had to be’ an up list to Nasdaq in order to execute the secondary.
The sept 2020 LOI was nothing to do with any of the above. Any kibbutzim postal encouragement was just a high hot enema from shhhh you know who.