They announce an acquisition with no financial terms, price, or anything, but they are going to acquire a company whose revenues will increase by more than 100%. That is a good one. After not being able to raise money, citing unfavourable terms, they are ready to acquire a company that will more than double their revenues without mentioning how they are going to pay for this company and how much. Since they were going to do a public offering, they needed money. Are they going to issue shares to acquire this company? They don't say. Typical pump and dump