Yes they have confirmed it. It’s right there in the PR I attached and released on May 23, 2022 by both companies. You won’t get any more hard evidence than that, confirmed by both companies.
The only thing to be confirmed is a finalized LOI. That’s it and those are the simple facts and nothing more.
The PR issued on May 23 is a non-binding LOI. I think that’s what you guys are failing to understand. The difference between a nonbinding LOI and a confirmed binding LOI. Huge difference.
We just have to wait for the LOI to become binding. That’s it. Nothing more. If the LOI becomes binding then we go north of a .01+ and possibly much much more.
If the LOI doesn’t go through then it’s back to the trip’s.
Based on the language in the PR by both parties, they both want to make it happen but it’s still a nonbinding LOI today.
The action confirmed by the SEC after the non binding LOI regarding the PLPL shell gives us further confirmation of a clean shell and more likely that a deal will now be consummated.
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