The extension document is available to view. Highlights include the following:
States the business results of the disposed of companies will be listed together under "discontinued operations". Also states together with the write down of certain assets related to the disposal company expects a net loss for Y/E December 31, 2012.
This is apparently confirmation that the sale did close. If so the outlook moving forward includes:
1. 50%+ ownership of profitable Portables Unlimited TMobile distributor
2. Possibly $1.30 per share of cash on the balance sheet
3. Shared ownership of the SpreadZoom facility with Spreadtrum whose purpose and potential are yet to be explained to shareholders.
I don't know whether this is good news or not? If the sale did go thru...why not have a separate PR stating such confirmation? Seems we have to guess about everything here. I still don't know whether the labor dispute was settled or not? If Zoom gets the cash in hand...all longs will be happy.