You are️ the one who is wrong. Read the definition of "initially closing" It is continent on :
"all Regulatory Approvals having been obtained and remaining in full force and effect, an initial Closing shall take place"
Qenta has been telling Opt. In customers for year, that while assets where transferred to it, the customer liabilities had not, as they were still waiting for OCIF to approve the migration process. As a result the assets remain in the account of the bank under the administration of the receiver. In one such email send last last year, two years after having received passion of gold, Qenta wrote the︀ following to an Opt. in customer: “Rest assured that all EPB assets continue to be︁ held safely in EPB’s accounts. This is currently managed by the receiver, until the liquidation︂ and migration processes are allowed to commence.” There was no initial closing and their was︃ no closing. Qenta is stated OCIF failure to approve the migration as one of it's︄ reasons for terminating the Purchase and Assumption Agreement. So if OCIF admits regulatory approval was︅ never obtain, and initial closing never took place. Qenta can't now change its mind and︆ admit otherwise. Even if it did, it would also have to admit to having all︇ the customer liabilities. But my argument is correct.
