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Multiband Corporation Message Board

  • tony_dolgoff tony_dolgoff Feb 28, 2013 4:31 PM Flag

    Deal Expiration

    The MDTV deal expired today. Is the deal dead? Or should we expect an 8-K filed soon to push the expiration back a month?

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    • from 2-14-13 mdtv 10Q : Although several conditions precedent still exist, the Company is working toward closing the merger in February or March 2013. The Company’s ability to close additional asset sales or to consummate the merger remains uncertain. Unless the Company is able, in the near-term, to raise additional capital, close additional asset sales or enter into a merger, there is substantial doubt about the Company’s ability to continue as a going concern.
      available at sec dot gov. appears you have old or misguided info.

    • I could be wrong but if I recall it correctly when the same thing happened with WPCS neither company did announcements. Unfortunately Mandel's approach is that the shareholders "don't need to know." Best example was when UNTK made a $4.50 all stock buyout offer and Mandel only informed the largest shareholders leaving the rest of them in the dark.

      From the MBND Shareholder's Song:

      "....and you don't need to tell us that Mandel's an idiot because we already know he is."

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