So on to the part of the 8k people should be talking about.....
The following outlines actions in process and how the Closing will take place:
1. A third party independent valuation of Incite is being obtained by Wells Fargo. 2. Wells Fargo issues a commitment letter for the balance of the funding. 3. Closing date is set for BDCI to acquire Incite. 4. Closing date is then set for BDCI to sell Incite to EXAD in a Triangular Reverse Merger. 5. A separate transaction will be done for the Native acquisition.
The Fourth Quarter should reflect the revenue of both companies on the books of EXAD.
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