You cannot say “The planned capital structure has allowed iBIZ to enter into a definitive agreement to acquire the assets of Endeavor, Input Devices (EID ” . “Definitive” is an extremely strong word and the statement is in the past tense which implies that it is a done deal.
Until we close a deal this in completely false and once you have been consulted on it and approved it, you become an accomplice to a statement intended to mislead the market. The SEC doesn’t like that.
Let’s sign the deal and then he can say what he wants, meanwhile, I am still waiting for the fat lady to sing.
From: Sam Elimelech [mailto:email@example.com]
Sent: 23 July 2003 20:15
To: 'Gai Mar-Chaim'; 'Geoff Clein'; 'Yigal Baruchi'
Subject: FW: Draft of Press Release for close of market Thursday 4:00 pm EST
From: Ken Schilling [mailto:firstname.lastname@example.org]
Sent: Wednesday, July 23, 2003 6:42 PM
To: Bryan A. Scott (E-mail); 'Sam Elimelech'
Subject: Draft of Press Release for close of market Thursday 4:00 pm EST
Please review and comment by e-mail promptly.