RE:RE:RE:RE:TRPX DealCertainly possible. The whole purpose of a binding LOI is that the terms are legally binding. Both side announced the binding LOI, both sides agreed to the purchase price of $48millionUS and both sides agreed that the $48millionUS would be paid either in cash or in HUGE class B common shares based on the 20 day moving average SP of HUGE for the 20 trading days immidiatly proceeding the close of the transaction or when TRPX get the shares.
There are numerous court cases where damages have been awarded when companies back out of the LOI.
Ussually the cost to back out is actually in the LOI, but if they did not agree to that ahead of time the TRPS could sue HUGE and would likely win fairly easily and be awarded damages.
I really think HUGE directors completly ignored the possibility of a share price drop when hegotiating which was a HUGE mistake.