I was debating whether or not to even post this theory and it’s obviously pure speculation.
But it really does look like they’ve seen some numbers from the updated model and it’s not pretty. It was due months ago, after all.
I can only assume they know it can’t get off the ground without the merger and that’s why they are acting this way.
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Ann: Additional TMT Shareholders Support Proposed Merger with AVL, page-16
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