The deal went through. I emailed IR and they emailed me back that the asset sales announced on there june 10th press release all closed before the end of june. Threre will be NO additional announcement on this.
Think they will announce the balance of the asset sales that they were working on before the new ruling and may have worked it out and have gotten approval. The deal was done and it just had to be approved by the commission. This deal was prior to the new rules .
What news? Becuase they signed a reseller agreement. What are the terms costs etc. This company has less then 2 quarters of cash left to fund operations. All they have done is swap warrants and stock for years. They continue to bleed cash even after getting funding. Who in there right mind now wpuld either lend or invest in this piece if #$%$. They did very little volume and I saw the formwe CEO had a million dollar salary. Does that make sense. His salary was approx., 4 to five times then the total revenue. I also had said when they had their reverse split it was a good time to SHORT as everythhing was done with smoke and mirrors.