“Just wondering why Tony would have said that the bell would be ringing approx June in an interview earlier this year?”
Because typically SPAC listings shouldn’t take more than 6 months. Usually, if the deal doesn’t happen within this timeframe, the sponsors or the merging company terminate the deal.
I’ve not seen anyone extend deadlines multiple times. A vast majority of Sizzle Shareholders have already redeemed their shares. There is literally nothing in the bank for this merger to make any sense whatsoever. We’ve had a $10m investment commitment and a large Line of Credit as the only sign of any interest in CRML from private investors.
The Saudis and BMW don’t seem to want a share of the pie. Clearly, the Saudis are only interested in the Hydroxide plant and BMW only wants the Lithium and have prepaid pocket change to secure that.
I have bet a lot of money on this be a successful project so I have absolutely no joy in seeing this fail. But, unlike others on this forum, I’m rather straight forward and can call a spade.
Some of them on here speak as though the SEC and NASDAQ somehow want this to go ahead and often state “they could have scrapped it by now if they wanted”. No, you idiot. Neither the SEC, nor the NASDAQ will forbid a company to list. They have certain regulations and standards that need to be met for companies to list. Until those are met, they will continue to ask for amendments. They don’t care if it takes 10 years.
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