Interups Inc (ITUP)

[RealDutch]

Some things are confidential. And/or not suitable for the public domain. The company usually doesn't discuss in detail how it finances its operations.

Perhaps you remember, last year we had a big investor from India and we were waiting for that money. The money was wired but put on hold and investigated by the authorities. So that was unexpected and caused some troubles. I don't know the status of that currently.

We were also supposed to ramp up sales, but again, without that big investor, it didn't go as planned.

So then we initiated what you can call plan B or plan C around september. Two asset sales in India totalling $52M. So we are no longer dependent on third parties. That process has been ongoing since september and we should be close now. It's the right approach IMO. We are all waiting for that money. Employees, shareholders, management and some of our business partners. As for the timeline on that, we have been and are dependent on the information we get from the lawyers in India.