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Baltia Air Lines Inc BLTA
(Total Views: 389)
Posted On: 11/06/2017 3:52:01 PM
Post# of 41414
Posted By: PICCLINER
Re: FlyUSGL2017 #37739
Agree, not an attorney myself. Just my interpretation when it comes to my experience with contracting and acquisition. Which is if publicly traded company enters into an agreement that is considered an material event, such as USGL has with Songbird and is mutually signed they have to file an 8K which they did. Even if the previous agreement makes room for altering of the agreement timeline. A new agreement document is drafted and signed, including a change of date, and in turn make all previous agreements null and the "updated agreement" with a new close date now becoming the legal and binding document. Which is in essence, even though there is room for altering the time line in the original agreement, once signed is a new agreement; and would be considered a material even, which in my understanding should be followed with an 8K. But obviously we all still wait. The day isn't over yet so I am still hopeful.













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