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Post# of 130497
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Arthur

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Arthur

Re: Frayed Knot post# 88601

Monday, 05/02/2016 7:41:31 PM

Monday, May 02, 2016 7:41:31 PM

Post# of 130497

In 2012, Hop-on launched a Mexico specific MVNO program with a Mexican business partner. While phone sales and volumes were acceptable, profitability was not and it was discovered that the Mexican partner withheld certain payments from the Company. The Company did not recognize these non-paid partnership distributions.
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