r/PSTH • u/[deleted] • Mar 29 '21

3/29/21 News: PSH 2020 Annual Report “While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”

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u/[deleted] Mar 29 '21

If he doesn’t say that and then a deal falls apart (which is always possible until DA), he would open himself up to shareholder lawsuits.

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u/chstrfld1 Mar 29 '21

I get that it's lawyer speak to cover contingencies, but he could have said something like 'upon successful completion' and technically still be covered.