It doesn't work like that. Because Xped would have to disclose that information to RYG and RYG then would have to disclose it to market. They can't use the situation as a shield to get around disclosure laws.
I'd say its just not 100% finalized in contracts so they can hold off until it is. Maybe they are holding that signature on that basis.
But if Xped had info, so would RYG and so should everyone else.
Ann: Raya Exercises Right to Acquire Xped, page-49
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