Is this legal? Correct me if I'm wrong. You make a bid for a company without actually having the funds locked up before the announcement? Regulators must be aware of this or have they fallen asleep on the 'steering wheel'? Mr. Yu needing an extension with a deadline of April month end. Based on previous posting, the amount required is $24Mil, what bank will give him this amount in 6 weeks? Banks are the most thorough and beauracratic institutions that we all know!! "Quantifying the risk of the CEO securing the securing the required financing is speculative at best," CanaccordGenuity analyst Keith Carpenter wrote in a note! Pre-announcement trading price was ~$1.60. Don't be surprised if this becomes the reality price after the deadline isn't met!