prinz18,
Sorry for delay been on the road since last week.
Do not worry about this acquisition, it’s a done deal, simple GAAP detail, GAAP states if you have not completed an impartial audit of the books of the company to be acquired before the end of the quarter you must push off merging your company books. Even if your accountant says your good to go here are the numbers, if the auditing firm has not completed the work it’s a no go. This happens all the time during big deals and they simply release a less detailed news blurb saying they will push off the consolidation until next quarter to iron out technical financial obstacles.
So to answer your question, no merger = no recurring revenues to repot on STIV current quarter report. You need to see this company for what it is at this point, it’s a publicly traded start up, and startups are not the most well oiled machines in the parking lot, infact they are usually parked in the overflow dirt parking until they work the kinks out or overcome the kinks with huge revenues.
Read my type, the deal will close……………………..
