I believe that they disclosed in their last 10Q that they were negotiating or have negotiated with their note holders. With regards to the this acquisition- the company being bought (SmartAxiom) would be issued restricted shares and given the amount that they'd be given it would most likely make them an affiliate which would greatly restrict when and how much they could sell in the future. This seems like its been well structured. The new CEO seems like he's off to a good start!
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