A PR is NOT required in this instance. I made a call and was told that because the payment requirement was previously disclosed, a PR is not necessary. The next required PR will be the annual I believe, which is due by March 31st. They usually get that one out early.
The payment may have been made, it may have been restructured. The major shareholders in this company have too much time, energy and money invested to let this go by the wayside. They also have deep pockets. All in all, not a concern for me.
Like I said in previous posts, I have strong reasons to believe that offers have been/are on the table for the company, but that they are not meeting the investors/CEO's requirements. The goal here is to make the company self-sustaining, cash flow positive and successfully market/partner the on-line HDF. Until all that happens, we must sit and endure more frustration. I remain very optimistic.
All this negative talk on here needs to stop, at least until the next Q is out. Hopefully the sales trend has continued and we'll have some good news regarding the HDF.
Paying with stock would be a change to the deal which would require an immediate 8-K. They either paid it according to the terms, or they are negotiating new terms. As soon as the negotiation is done and signed, they must issue an 8-K.
Right now, I have to think they may have paid it, which would be a miracle.