RE: RE: RE: RE: RE: eodway... Well then, perhaps they feel they have an "obligation" to report such an agreement to the shareholders and that was the purpose of the news release.
This is fluff plain and simple. This is not a material event in any way and the company was not obligated to press release this. An MOU means nothing at all. This is like company XYZ putting out a presser that says "We talked to some big players about partnering up with them for ABC division; we generally agreed that we'd move forward." As a shareholder that type of news is junk and makes the company look amateur.