Neil admitted that the migme deal (which is still in flux) delayed the financials greatly as they were side tracked doing due diligence for the migme deal.
The arrangements for that deal commenced well before april as they had completed the layout of future share structure by then.
Either way, they are severely delinquent and there are no true excuses for it
But pixelmags has recorded 48 million dollars in revenue according to Dun and Bradstreet. So that is a reliable source. It's just the growth or decline over the past year or so that is in question. I expect revenues to be anywhere from 30-50 million.
Migme actually brings in some convertible notes to the situation. So with migme, the potential is enormous, but cash flow positive will take longer than if pixel just were execute their original plan.
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