At least bad news is some news.
ERBA Diagnostics identified materially out of balance accounts evident in the elimination process and noted erroneous recording of transactions to such intercompany and other accounts for each of the years ended December 31, 2014 and 2013 and for each of the interim periods ended March 31, 2015 and June 30, 2015 (the Restatement Periods).
This should be trading well under $1.
STRP Samsung IPR challenges against Straight Path '121 '469 '704 patents final decision out, $STRP won on 24 claims, lost on 3. Samsung, Cisco, Hulu, Verizon, AVAYA and LG will all be paying up to use their patents now. New highs coming soon.
The maturity date of such credit facility has been extended from February 29, 2016 to June 30, 2016.
Why do they need four more months to pay this off? This company has become a complete disaster and all the pie in the sky dreaming is not going to change the facts. Shareholders have been left in the dark to the point that lawsuits are needed. Management is flipping the bird at the SEC and you the shareholder. If you cant afford to lose it all I would sell. All done intentionally to go private?