He said he doesn't know so why add in the "could be weeks or months" bs?
It could also be years or decades or it could be hours or days. If he doesn't know then of course it could take a while but it also could be close at hand. If the financing is ready to go then they would just have to settle any management decisions and it's on. The CEO should keep his mouth shut after his last two mistakes. I don't blame him for fearing being wrong again. But also ... he should release a PR on the merger status with no timeline. Just letting investors know they are still negotiating would do wonders for price support and show some investor friendliness that is lacking right now. IMO I sold out of this security months/years ago and didn't want to look back. ...I did and now wish I hadn't. The CEO is a problem IMO.