Saturday, December 03, 2016 2:44:47 PM
So, IMT needs to liquidate $1.5 million more stock to finalize that deal and xG needs to raise $5.3 million cash to keep the Vislink deal moving forward. (Not to mention the additional $10.7 million they'd need to close that deal.)
Vislink is never going to happen. And I wonder what's going to happen with the IMT deal. Since April 12 they've only realized about 40% of the cash proceeds, and they have a Dec. 31 deadline looming.
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