How does it fail? MBND has the right to buy WPCS for a bit over $3/share. Doubt they will do it. The trading in WPCS indicates no other suitors are lining up. Don't you think a revised PP is possible? What is the big deal if MBND just walked away?
You are biased as a WPCS shareholder. You have likely been clobbered holding the shares. Hopefully it will go back up for you. Hopefully MBND and WPCS can renegotiate a lower acquisition price. Who knows? But the resolution of WPCS wil be good for MBND and its stakeholders, either way. The only way that does not make sense is a purchase at the present LOI price.