Nah they only considered it and drew up terms in the evening of...

Nah they only considered it and drew up terms in the evening of the 15th hence why TH requested in the wee hours of the 16th.
Which is what the announcement is saying.
In a nutshell
* IOU was BAU
* IOU got a text from investor at some time on the 15th (got stuck in the inbox)
* IOU read the text, called emergency meeting to discuss
* IOU in the evening of the 15th and after trade hours decided, yeh sounds like a deal
* IOU released TH and announcements and news on the 16th

And.... we're where we are now.

Waiting on the update of formalized terms.

GLTAH