Form 8-K for MDU COMMUNICATIONS INTERNATIONAL INC
Entry into a Material Definitive Agreement, Other Events
Item 1.01 Entry into a Material Definitive Agreement
On September 4, 2013, MDU Communications International, Inc. (the "Company") and its wholly-owned subsidiary, MDU Communications (USA) Inc. (the "Subsidiary"), entered into an Asset Purchase Agreement (the "September Agreement") with Access Media 3, Inc. ("AM3"), whereby AM3 would acquire the assets associated with the Subsidiary's business in its Midwest, Southeast, South Central and Mid-Atlantic regions. The September Agreement closed on October 22, 2013 and was previously disclosed.
On December 30, 2013, the Company and the Subsidiary entered into a follow-on Asset Purchase Agreement with AM3 for the remainder of the assets of the Subsidiary ("December Agreement"). The December Agreement covered the assets associated with the Subsidiary's business in its Northeast and California regions. The December Agreement included 8,745 subscribers in these two regions, which is a decrease from the previously disclosed subscriber number for these regions of 13,172, due to attrition in the subscriber base and the non-transferability of 3,190 subscribers. The December Agreement is at a per subscriber purchase price of $493.47. Collectively, the September and December Agreements cover substantially all of the assets of the Company and the Subsidiary.
Upon closing of the December Agreement, there was an immediate transfer of 3,091 subscribers to AM3 for a purchase price of $1,625,315, less a 5% holdback. Thereafter, but no later than 270 days, AM3 will acquire, in a series of subsequent closings, the additional 5,654 subscribers for up to $2,790,079. To receive the maximum $2,790,079 in proceeds, the Subsidiary must obtain (i) written consents to assignment on all property right of entry agreements that require consent, and (ii) term extensions for all right of entry agreements with less than one year con
getting ready for action going into the dividend? Look at those sales today the 22ed. Their are highs and lows in this stock and with a low beta.
It seems banks cannot loan to these companies that want to sell marijuana. I think the RICO ACT keeps banks from loaning money for drug use companies. BDC's don't have that problem.
Like MCGC with its drop today or Full with it's run up. Since the indexes are getting out of the BDC mix in certain indexes it would almost seem like a fine time for PSEC to take out some BDC and consolidate the BDC market.
Yes I know, but now we have increased pressure on BDC's now, since these index funds are getting BDC's out of their mix. Have you ever seen a stock go up when funds are going to dump shares. Some of these index funds can short the shares now and dump the stock later. This looks like a good time to move on a BDC.
What if a fund shorts the stock today, trying to cover when the price drops. They have the shares to cover, plus they have the time till the next dividend and they are talking of getting out in the May time frame. They could play that game for the next two months. It would be a nice time to declare a special dividend close to their exit window though.
CANN needs the land for growing very shortly. They are supposed to be renting land for growing. Now correct me if I am wrong but does the growing season start in the next month or so? CANN is starting to set up the infrastructure for growing and storing this cost money now. CANN is also in some kind of deal with the Canadian #$%$ which is a six month contract. It would seem that farm land rental in Colorado is going to be costing more in the future than now.
Now we are starting to get the articles about the relationship between the options and the profits. When stocks rise people start looking into them and the articles start coming, then the upgrades. Nice.