Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Free
Message: Warrant extension - 2 months left

Tpower, my understanding and memory is that the company itself indicated that when the final signatures were obtained, the deal "closed."  The money and stock exchange were conditions subsequent, so if those did not obtain, the party for whose benefit those conditions existed could claim a default and excuse itself from further performance. So far, that has not happened, as extra time was granted for performance.  I expect we will hear of payment of the final installment soon enough, along with a transfer out of escrow if the final chunk of DL shares.

Again, my memory is that the debenture holders could have demanded payment once the deal was signed in fall.  Bottom line, I don't think it's very important.  I would think most debenture holders are very pleased with the interest they're getting.  

 

 

Share
New Message
Please login to post a reply