Spectra7 Microsystems Inc (SEV)

[Jimmer10]

I wonder why MMCAP filed this again? Term sheet still not approved and S7 needs MMCAPs agreement. They hold $8.9M of the $12M of debentures, so it would be interesting to see how negotiations are progressing. If S7 can get cash from an asset sale or ABL, it reduces the power/influence of the debenture as they can be paid off...which is why i think they are trying to adjust the terms of the debentures. Power sits with MMCAP and S7s Mgmt and Board being able to negotiate an approval.

Any idea if James knows when Q3 financials are expected to be released?