A suspension of trading by the SEC would certainly

A suspension of trading by the SEC would certainly constitute a material adverse change in the target’s business or financial condition.  I hope that in fact there is only such a definitive agreement which contains this legal “out”.  In that case, we should run (not walk) and distance ourselves as quickly as possible.  I agree that the uncle needs a life coach/babysitter.  Someone should also take away all of his writing implements.