So you admit that you believe it is a material event that should have been filed with the SEC?
That disclosure rules may not be enforced properly does not change the fact that the company is the one at fault for not filing. It is certainly represented as a material event in the press release, so IMO they should have filed an 8-k with the 'joint development and marketing venture' agreement.
"Q: What’s special about the lifting gas technology? . . . How long will it take for a Stratellite to reach cruising altitude? A: The lifting gas technology is proprietary." -Sanwire Networks, LLC
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