Replies to post #729 on Tanke Biosciences Corp (TNBI)

[silvermintz]

SPACs have deadlines to get a deal done. https://www.finra.org/rules-guidance/notices/08-54

"A SPAC typically must complete an acquisition within 18 to 24 months, and must use at least 80 percent of its net assets for any such acquisition. If it fails to do so, then it must dissolve."