I was just explaining the strategies of an LOI instead of a PO. Many people on this board don't know what an LOI is or under what circumstances you use one instead of a PO and I was just adding clarity.

People were posting about a sale, which is not the case at this stage, and we don't want false rumors starting. I'm sure you don't want false rumors starting either.

If you see in the first line of my post where I wrote in parenthesis that I'm not saying that here (the lukewarm comment) as I am very clear that I was not applying the first example to this scenario specifically.

The use of an LOI instead of a PO is not a bad thing, but it's not a closed sale is my main point. There are some acting like they won the lottery and it's not good to create a false hysteria, as you can imagine.

It is what it is, no judgment attached, just statement of facts with no mind reading. If you've not used LOIs, then I guess it might sound like a sale because there were some numbers included.

Let's just watch this play out and hopefully an offer will be submitted, it will get accepted, and it will close. The smart move by Mrs. Li would be for her to wait for the uplist to happen, then submit an offer. Or, submit a PO with a contingency based on the uplist occurring. Most likely the former strategy vs. the latter.

I won't try and guess what she or her group is thinking.