This is the part that bothers me, also from GlobeN
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Posted On: 10/12/2020 3:41:33 PM
This is the part that bothers me, also from GlobeNewswire:
"While there can be no assurance that Impact BioMedical will be taken public and/or that any Bonus share distribution will occur, particularly due to unforeseen circumstances including fulfilling the pre-requisite criteria during the IPO application process and market forces beyond the Company's control, it is the intention of management and the Board to take Impact BioMedical public."
"Market forces beyond the company's control" seems pretty nebulous and pretty much completely invalidates a guarantee, or, the concept of accountability.
"While there can be no assurance that Impact BioMedical will be taken public and/or that any Bonus share distribution will occur, particularly due to unforeseen circumstances including fulfilling the pre-requisite criteria during the IPO application process and market forces beyond the Company's control, it is the intention of management and the Board to take Impact BioMedical public."
"Market forces beyond the company's control" seems pretty nebulous and pretty much completely invalidates a guarantee, or, the concept of accountability.
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