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sukawh0

01/29/10 2:27 PM

#17087 RE: Essence Of Wealth #17083

This is something I found trying to look it up. I don't know but I was just wondering if there was something behind those words "Definity Purchase Agreement"

Definitive Purchase Agreement. All of the terms and conditions of the proposed transaction would be stated in the Purchase Agreement, to be negotiated, agreed and executed by you and us. Neither party intends to be bound by any oral or written statements or correspondence concerning the Purchase Agreement arising during the course of negotiations, notwithstanding that the same may be expressed in terms signifying a partial, preliminary or interim agreement between the parties.


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Buzzie

01/29/10 2:42 PM

#17094 RE: Essence Of Wealth #17083

Exactly!!!! That is all that has been signed. It is like a LOI.

We are still waiting for the merger news. Obviously the s/s desired has not been achieved. So the market makers are doing their job as well as management to extend the quiet period and get the shares.
So all that has taken place is the signing of an agreement as to what we will do by both parties. They just moved back the fence in the ball park. The reverse merger is still in place given all of the paper pushing and legal loopholes to extend the time period.