DragonWave (DRWI)

[ItalStallion]

In October 2017 Dragon Wave has been acquired by Transform-X, a US company specializing in waveform, software and hardware technologies for microwave radio, satellite radio, broadcast and other RF communications; in addition to the elimination of the legacy liabilities and debt.

https://www.dragonwavex.com/system/files/transform-x_acquisiton_complete_final_1.pdf

https://www.dragonwavex.com/system/files/dragonwave_focus_press_release_final_082118.pdf

As at the date of receivership, the Company’s employee headcount was approximately 125 and its foreign subsidiaries employed approximately 25 individuals. All of the Company’s former employees have been terminated or assumed by the Purchaser as part of the Transaction.

On January 2019 receiver of the assets, undertakings and properties of Dragon Wave certified to court that the activities described in the Discharge Order have been completed.

IMO something is cooking for this super low-float.. Tier Change Grey Market to Pink No Information is extremely rare.
Let’s see