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Re: Gene_Simmons post# 1109

Saturday, 03/29/2014 4:57:19 AM

Saturday, March 29, 2014 4:57:19 AM

Post# of 47730
I am not sure, it says we hold 50% until they pay and they have until March 24 2015 one year after the transaction date. On the other boards I thought D said that it was already cashed so, who knows. Presumably will be soon but someone should call Paul for confirmation, after we wait for the PR which is presumably more detailed. We also have other financing so instant cash probably isn't an issue. It is not immediately clear to me how Pursuit would pay us without a capital raise of their own, so there might be something in the background there.

I'll wait for Monday. Still good news even if we have to wait and see; since we hold part for security I think they would pay quickly. These guys are all connected and have links to some institutions and investors that raising $4M in a private placement shouldn't be difficult.