LOI's are not necessarily ploys of any public comp

LOI's are not necessarily ploys of any public company. After all an LOI is simply the general ideas of a deal. The current Pfzier deal is an example. They are trying to make an acquisition. They must announce their intent. Keep this in mind also. If an investor is attempting to acquire over a 5% or 6% ownership of a public company, ie, Ichan, or others, then they must publicly announce their intentions. It doesn't mean that they will actually execute the entire purchase. When a public company fails to be able execute on a LOI, it may not be their fault, simply a breakdown in the final negotiations of some explicit hurdle they cannot get over. It happens. Like a poster going out to buy a car. It's called negotiating the best deal, and then if one party cannot get fully satisfied for whatever reason, the deal doesn't make. The idea is to give the new management a chance to make things happen, as they have stated is their intentions. Kinda like your favorite football team getting a new coach and manager. Gotta give them a chance otherwise anyone who blasts them is considered a basher. Don't think you are that, just an opinionated poster, but let's be fair to the home team, if you are an investor and like what they are trying to do. I surely wouldn't pull the plug before they have had at least a quarter to play, eh? Cheers