Since the need for the technology is evident/has b

Since the need for the technology is evident/has been posted and cyber warfare is the defining/ largest warfare of these times
I assume -as Doubloon has mentioned- the trouble is in finding large investors who are satisfied with merely a return on investment-many large investors want to take control-Doubloon has intimated or suggested they've had these kinds of offers-which were not acceptable to management

from the April/May 2015 postings I presumed they thought they'd have financing by the contemplated June 30,2015 closing but these things always seem to take longer than expected-whether its Mr Murphy or as Doubloon has said just being careful to do it right-
many ventures are predisposed to failure of course because the idea men and/or operators get into bed with the wrong financiers, whether JV type of operation or private-as I'm sure you know as a seasoned businessman

they took important steps precedent to a closing in July and August

white knights are hard to find- I presume large investors wanted a public vehicle with more transparency than Enigma -incorporated as a private company in 2013- could provide-hence the courtship between Enigma and public SEC reporting WOLV and the paying off of WOLVs old debt and the creation of the WOLV technology sub-all completed by August

many black "knights" out there who would take over and destroy the company-seen it too many times-
how do you find white knight or even light gray investors?-thats Bruce and the others principals job-finding good people is difficult -let alone white knight investors.

I'm sure you already know these things -just my thoughts