Comment Re:I bet he's just playing the market (Score 2) 311
Nah. No crime is being committed.
The filing states the offer is contingent on completion of anticipated financing.
https://www.sec.gov/Archives/e...
Third paragraph under item 4.
"The Proposal is non-binding and, once structured and agreed upon, would be conditioned upon, among other things, the (i) receipt of any required governmental approvals; (ii) confirmatory legal, business, regulatory, accounting and tax due diligence; (iii) the negotiation and execution of definitive agreements providing for the Proposed Transaction; and (iv) completion of anticipated financing."