The shareholder vote, tentatively scheduled for September 6th, 2022, is to extend the deadline to complete the business combination by one year from September 8, 2022 to September 8, 2023.
As many of you know, the SEC is trying to screw DWAC and TMTG by a phony investigation. As these investigations take time, the companies need more time to complete the business merger.
What does this mean: If the vote does not pass, the business merger will not pass and the shares will all be liquidated. This would be bad. We need this vote to pass.
Shareholders will get cards to vote by mail sometime in the next month. I recommend filling these out incase you cannot be present on September 6th during the live vote. Make sure your mailing address is up to date. Otherwise you can vote on September 6th at the shareholder meeting as long as you have your shareholder access code.
TLDR: Any shareholder of DWAC needs to vote in favor of extending the deadline for the business combination between DWAC and TMTG or else the deal is dead.
See here for full details: https://www.sec.gov/Archives/edgar/data/1849635/000119312522213753/d386906dpre14a.htm
This doesn't make a lot of sense, the SEC actions had to be expected from the beginning, so that can not be a valid excuse for postponing the merger.
There has to be another reason why Trump and his associates would seek to put it off, using that excuse could easily mean it is never intended to merge, because that excuse will always be valid, the phony investigation excuse that is.
I'm ahead on DWAC tho and didn't buy it for profits anyhow so I hope they do not try to delay and merge on schedule. Delaying just allows the profit takers to Game us more.
Do the Merger.
They are NOT postponing the merger. This just allows them breathing room so that the SEC can't run out the clock. There is nothing that says the deal will not happen very quickly. Only that if for some reason there is a delay it will not be a problem.
Yeah not sure where this FUD is coming from