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Posted On: 05/17/2017 3:24:37 PM
Post# of 96891
Several key acquisitions ... hmmm
Well ... Looks like the first acquisition will be "a movie editing studio" ... and based on the Q report ... the deal may close ANY DAY now ...
Quote:
Finally, we are pleased to announce that in March we entered into a contract to bring in substantial investment into the company. This investment will not only allow us to clean up the past issues, but also to complete our path of licensing studio titles as well as provide the capital needed to make several key acquisitions within our space allowing us to grow our business in all aspects in the coming year. We anticipate the closing of this financing this quarter and will follow up with announcements and details when it is completed.
Well ... Looks like the first acquisition will be "a movie editing studio" ... and based on the Q report ... the deal may close ANY DAY now ...
Quote:4K Studios is currently based at the illuminate Hollywood Studios facility in Studio City ... and illuminate Hollywood has an impressive "movie editing studio" ...
The company entered into a MOU on March 15, 2017 to acquire 51% of a movie editing studio. The deal calls for the completion of due diligence within 30 days and closing is anticipated within 60 days.
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