Replies to post #61357 on VirExit Technologies Inc (VXIT)

[m$teamworkotc]

your preaching to INSIDERS otc hussle

[m$teamworkotc]

"We never consummated"
pump and dump pr?
https://www.streetinsider.com/Press+Releases/Poverty+Dignified%2C+Inc.+Soon+To+Be+VirExit+Technologies%2C+Inc.+Acquires+Lexian+Products%2C+Inc./18161842.html

[FatCatFenix]

Yep and the wording is important. Just means details are not fully hashed out, as they decide if going though with the deal is still worth it or not. Why buy Lexian is their tech is non-functional or to expensive to produce for example.

“ A common or generic dictionary definition of the term consummate in finance is the “completion” of a contract. In mergers & acquisitions, the term specifically refers to the “perfect” completion of a thing in every detail. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. In the case of mergers and acquisitions, this will refer to the completion of the deal as stated in the merger agreement. This agreement is usually written once due diligence is complete and will become the definitive agreement. Depending on the type of transaction, this document may be known as the “merger agreement” or the “share purchase agreement”.

Despite the “finality” of the term, even after a merger or acquisition has been consummated, it is still possible the deal can be unwound on anticompetitive grounds.”

https://mergerarbitragelimited.com/finance-and-investment-glossary/consummate/