See posts below. Response from Flannery about Camvera in merger negotiations. I still do not see why there was no disclosure, but here is his answer:
"The proposed deal between CyberTel and Camvera did not conflict with JKRI. I have been working with Camvera for several months if not almost a year now. While there is still interest in bringing the company into Jackson Rivers, there was concern that JKRI would not have the capital to support Diverse, UTSI and Camvera, especially after it became apparent that Camvera's cash needs were greater than at first thought.
We explored briefly the idea of bringing Camvera first into another public company called CyberTel, helping the company work out some cash flow and other issues without impacting JKRI, then bringing the company into JKRI as part of Cybertel if appropriate. But we decided against the CyberTel deal long before the issues which were raised in this article surfaced.
So no official decision has been made and that is why I have not made any announcement about Camvera. In fact, our priorities have been the UTSI transaction as well as the funding for the company. At the same time, our annual report, because of the merger with Diverse, was a major undertaking and took up a lot of our time."
