I think most importantly it appears that the company believes that there are short sellers which is denoted by the recent comments by Julius from Milagros.
To that end I find it extremely difficult to believe that Milagros is going to simply execute a share for share exchange with no intent of forcing shorts to cover and having a cut off date of September 10th while continuing to allow the shares to continue trading without requesting FINRA for a halt in trading. All of these were things that JJ suggested were going to transpire. This is not the way that mergers work. JJ said they don't care because they are a foreign company (in a PM to me) but Calissio is still a US company and can still be prosecuted for participating in a merger that is handled incorrectly.
Therefore I discount all of the comments made by JJ as being entirely false.