balleroni, it is required for the receipt of money
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Posted On: 12/11/2020 12:21:55 PM
balleroni, it is required for the receipt of money thru the China transaction. Just like they did with the Bintai Kinder transaction, an 8K was generated.
EDIT: Going back to look at the Bintai deal, it was stated more clearly that the $2.65M would be paid within 2 weeks. Then it was followed up on the 10/8/2020 conf call by Joe that they rec'd the money. There never was a formal 8K filed showing the receipt of funds. So the China deals states $5M upon signing of the deal, so they should have the money. Would be nice for the company to confirm they rec'd the funds from China.
Quote:
Is an 8k required for every transaction? Is a press release sufficient? I suspect an 8k is more definitive ... but could there be a reason for not filing an 8k?
Read More: https://investorshangout.com/post/newpost/622...z6gKyNyl69
EDIT: Going back to look at the Bintai deal, it was stated more clearly that the $2.65M would be paid within 2 weeks. Then it was followed up on the 10/8/2020 conf call by Joe that they rec'd the money. There never was a formal 8K filed showing the receipt of funds. So the China deals states $5M upon signing of the deal, so they should have the money. Would be nice for the company to confirm they rec'd the funds from China.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.