Hi all,
I'm looking for specific advice on actions I can take to get in front of another buyer.  Sorry for the long storyline below, but it's needed for context. Around 3 weeks ago, I contacted a broker about an OEM parts manufacturer listing,

  • 2.5+ mil, 4X multiple
  • signed the NDA,
  • received a boatload of financials, etc. and have been looking at the deal deeply, while discussing finance feasibility w/ Angel investors and feel comfortable there may just be a deal here. 

Last week, (all week) I traded voicemails with the seller's broker and finally connected last Thursday (I do not have Buyer Representation). We hashed out a few questions I had, and told him I had definite interest and would like to arrange a zoom call w/ the seller. He suggested i send an email with potential times and he'd get back to me.
Monday he finally confirmed back he received my email with a "we'll get back to you” text.

Today tho (Wednesday) when I hadn’t heard back, I called again and learned the buyer has an LOI on the table he'll 'probably' sign it this evening.
I was caught off guard, but asked if the seller was aware he had another buyer with interest. i couldn't really get a definitive answer.
I shared that I had an opportunity to drive to their state a week ago, and checked out the town and did a driveby of the plant.  I also shared that I'd spoken with my investors and have financing aligned. This peaked his interest. 
He shared that the current LOI the seller has on the table from the other buyer “may not have had an exclusivity clause”- and as such he will go back to the seller asking if they want a face-to-face. This seems weird to me, as they should have known i'd requested one already over 6 days ago- long prior to the signing (?) of the LOI. 
So, shifting into strategy mode here.... Does anyone have any thoughts as to me simply submitting an LOI as is- without ever actually talking to the seller?  Does he not have fiduciary responsibility to share it? I have no idea what the other buyer has on the table, but I've run all my analysis, and am confident with a full asking price. 
I'm also open to any other thoughts/input anyway may have, if you think the broker is the communication bottleneck or around other strategic options available. I have the name of the seller, and it’s in a very rural town.

I know there are other fish always in the sea, I'm self-funded, but have been searching for over a year now, and this is the first one I've seen that checks most the boxes.

Thanks in advance, your inputs appreciated.

John.