It is frustrating but I figure that the approach is conservative...

It is frustrating but I figure that the approach is conservative and specifically intended to protect the share price.

If allowed to trade the stock may float down and hence give the buyers more leverage than they would otherwsie have.

Sure it can do the opposite, but I doubt that unless the offer price was disclosed. Which we all know it can't.

The fact that the diligence has gone this long is a very good sign that a deal will be done. Don't worry about the text of the message as it simply intended to give enough advice to inform but not inform that presents the opportunity for litigation. Lawyers!!!

What I believe is a real positive is that both parties are still engaged and there have NOT been any deal breakers.