not sure what to make of this statement
quote "We have had some questions about our funding. As previously indicated, we have
agreed upon terms and the only step left is for the funds to be transferred. (money not in ntek's account yet ... my understanding)
We
have received information that this will in fact be done prior to the end of quarter.
(so we're waiting for the money in the account and after that we'll be waiting for settling obligations... how long that takes is anyone's guess my thoughts)
Our intentions are to continue to work with this group as they have agreed to
provide funding beyond our initial round to fuel our plans for the coming years both
in terms of content acquisition but in terms of M&A goals as well.
We have been asked if we are solely reliant on a single partner. While we intend
to work with them, we have been reaching out to other sources in case our primary
source fails to materialize (plan b..tells me they want commitment not sure of additional funds going forward becoming available... planning for a worst case scenario) and we have plans in place to secure funding regardless
of the funding partner."
quote "We have had some questions about our funding. As previously indicated, we have
agreed upon terms and the only step left is for the funds to be transferred. (money not in ntek's account yet ... my understanding)
We
have received information that this will in fact be done prior to the end of quarter.
(so we're waiting for the money in the account and after that we'll be waiting for settling obligations... how long that takes is anyone's guess my thoughts)
Our intentions are to continue to work with this group as they have agreed to
provide funding beyond our initial round to fuel our plans for the coming years both
in terms of content acquisition but in terms of M&A goals as well.
We have been asked if we are solely reliant on a single partner. While we intend
to work with them, we have been reaching out to other sources in case our primary
source fails to materialize (plan b..tells me they want commitment not sure of additional funds going forward becoming available... planning for a worst case scenario) and we have plans in place to secure funding regardless
of the funding partner."
4
