I thought that there was a bigger Oh my! than that:
"What the TA has stated is wrong on many fronts, but we repeat, there was no mistake in what was issued, it was not premature and it is OK to proceed as we planned on all fronts and in all ways."
I see this as having 2 possible interpretations, both of which are startling.
Are they saying, as they requested in their 2/3 Statement, that the SEC has agreed that :
• It has no objection to the Company’s proposed merger in the interim; and
• It has no objection to EIGH’s request for its common stock certificates in the merger be recalled [returned for cancellation] as part of the transaction.
Or are they saying that they are unilaterally encouraging shareholders to go forward with attempts to secure physical certificates?
This seems to me to be getting VERY dicey. I've never seen a second suspension, but the SEC can't be seen as giving tacit approval to any of this. Having made the 2 requests noted above and now expressing that it's "OK to proceed" could be perceived that way.
Of course, if the SEC has agreed to the requests, then everything is just peachy. Except for the "get the certificate from the broker" who doesn't have it part.
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