thats why its non-binding, IPSI will need time to see whats really going on before moving forward. As far as getting some of that info upfront, I assume a non-disclosure has allowed IPSI to see what the possibilities are, nothing wrong or illegal with that at all. And I assume they like what they see.
We just need time at this point to let it play out.
In the meantime as mentioned the filings will tell a lot, but it wont tell the whole story. Reading into the filing they have some funding to help get things over any hump.
to your statement "he would be running it as the parent company and not a subsidiary." - you mean as the overall top dog of IPSI, no chance in the world that is happening. Running the subsidiary or however we want to call it, sure why not, sounds like he's passionate and knows what he's doing, just needs a nudge to get over the hump. IPSI and lenders are that nudge.
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