GREY:MAAFF - Post by User
Post by
strelioffon Feb 12, 2011 4:43pm
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Post# 18123607
Deal Null and Void
Deal Null and VoidIf you were to send emails your first should be to management for refusing to call a spade a spade and second to the BOD as to why they approved a press release that ensued a sell off thanks to their retarded uncertain and poorly worded release that they signed off on.
If exercised...it was not exercised so it is a wash
Non-binding Letter of Intent is just that
Subscription Receipts is automatically canceled and considered null and void.
The subscription proceeds held by the Escrow Agent from the Offering will be returned to the purchasers.
Worst case - they pay 2.6 million which is very often forgiven especially in a friendly LOI situation.
Best Case- Some head rolls for this PR stupidity
Legal Recourse - None
Suspect - Anyone involved in the writing, approving, and delivering of this release who took the opportunity to purchase the stock via friends, family , or off shore accounts....
Since we do not have a National Regulator this is not worth 13 branch regulators time nor energy