Good point. With reference to the deal. The 02/26

Good point. With reference to the deal. The 02/26 AVNE PR states: "The definitive agreement calls for some 'closing documents' to be delivered by both parties which the Company expects to be complete over the next 30 days."

A definitive agreement is a document that settles or describes the terms and conditions of a business transfer in a final and conclusive form. Terms and conditions. Aye, there's the rub.

We don't know what the terms and conditions are of AVNE/iequity deal. However, regarding closing conditions, a law site had this to say about standard definitive agreements:

"A section of the definitive agreement will include a list of closing conditions which must be met in order for the parties to be required to close the transaction. These are often negotiated at the time of the definitive agreement (although sometimes a detailed list will be included in the letter of intent).

These conditions may include (but are not limited to) such items as:

1) appropriate board approval

2) the absence of any material adverse change in the target’s business or financial conditions, (Is trading suspension by SEC an adverse change in target’s business or financial conditions? An intervention of suspension by a regulator like SEC is a serious matter and could adversely change the firm's business and financial complexion going forward.)

3) the absence of litigation,

4) the delivery of a legal opinion from target’s counsel (Who is iequity's legal counsel?)

5) and requisite stockholder approval."