Since all we can do is guess I'm going to assume t

Since all we can do is guess I'm going to assume that the delays are not stemming from Natale dragging her feet. It serves no good purpose for Nat or COB Duss to delay anything as a public company with many eager shareholders waiting and virtually no income being generated. What makes more sense is a private company already doing business, with no public shareholders, and no interest to satisfy anyone else's timeline of urgency is dragging this out so that every detail and contingency in their agreement is looked over with a fine tooth comb. This is the frustrating part about private companies who go public, there is usually no thought about shareholders as people just the allure of the money associated with using public money to fund their expanding operations. It's all about them now and the attraction of using other people's money. They feel no pressure or obligation to shareholders in the same way a veteran public CEO would need to be respectful of that relationship. I imagine that ths is very frustrating to Natalie whom I assume is being respectful to both the COB and all the current shareholders but runs the risk of being seen as over zealous by her suitors if she is too aggressive about expediting the commencement of the agreement.

After all that being said hwever, experience shows that both public and private companies could benefit from paying more attention to timing their business developments in correlation to favorable market conditions. Most public companies get a "c" at best for this. Most merger candidates get an "F" for this.

Bottom line. It's probably not Nat dragging ass here.