I think the amount of time the companies have to complete funding and the merger is less than 26 days (as of 12/05/2010). Assuming investment bankers do not work on weekends and probably take about 2 to 3 weeks off for the holidays ( I could be wrong about this assumption), I think we have between 6 to 9 days (as of 12/09/2010 (I could be wrong about this as well)). I am, however, taking Shaffers advice and not holding my breath.
Disappointment and frustration with Lantis and its inability to secure funding or to produce a marketable product is shared by every investor in the company. But each and every one of us has to take into account that this was a Pink Sheet company that moved up to the OTCBB. I do not believe that investment banks take companies listed on these boards seriously - too risky. Were Lantis traded on the NASDAQ or another national board, I think we would be in a very different position. But to do so, I think they must have a marketable product and be able to prove income. A catch 22 for companies like Lantis and Perio.
But then again, what the hell do I know.
I think it is time for Mr. Baron to address investors. I have yet to understand the quiet period and it's benefits. At less than $0.02 per share, what's the downside?
I remain optimistic and hopeful that the compan(ies) will succeed.