IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The terms of the acquisition will be more particularly set forth in the Definitive Agreements to be mutually agreed upon by the Parties and the acquisition expects to be completed by the end of the Second Quarter, 2013. That is June 30th. :)
Iris/Stoa Merger where Iris will become majority shareholder of Sitoa Global. For whatever reason market is not pricing this in. Either they don't believe it will consumate or mkt just waiting for confirmation. Play it to win it
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