So the start of actual transparency is imminent, as is likely the turnaround of losses to major operating gains. What has been clear in the MEC filings will be able to disappear.
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"When we acquired Seergate in 2015, Seergate had a Memorandum of Understanding (“MOU”) with a company in Africa to facilitate the licensing of our software to banks in Africa. We have recently entered into a definitive licensing agreement with that licensee in Africa. The licensee has sub-licensed the software to a major international bank based in Africa. Due to confidentiality agreements, we are unable to publically disclose the names of the licensee or sub-licensed bank at this time until authorized to do so by the sub-licensee."
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That problem has started to be resolved already. U.S. banking too, has regulations. And then compare: Mainland Chinese regs can be 1000's and 1000's of pages per any given industry, and in that language. The MEC difficulty appears to be unwinding, on the way to being able to be managed(?).
