What fundamentals? Who would invest in a company that just engaged in a big time shareholder dilution and has blown an opportunity to diversify its business so that it is not beholden to DIRECTV to even exist?
Looks to me like Mandel couldn't get the financing done to do the deal.
They are also sitting on 700,000 shares of WPCS that will need to be marked to market and written down by 50%. Truely brilliant job by Mandel.