"More time to consummate the deal?" Why did they need more time? Looks like a simple deal to me. I guess they hired amateurs to close the merger? You get what you pay for.
"We should hear something shortly?" As in, pushing the date back again? Because if it had happened by March 31st as predicted, we'd see an SEC filing. So there's still a problem?
Notice that the LOI used the word "contemplating." Where else did you see that word? Hint: remember the Term Sheet financing for Radient a couple years ago? They used the word "contemplating" in that filing too. Remember the result? The financing didn't happen.
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