Seesmart Technologies Inc (fka SEST)

[Kuzami]

Where in this does it state that they've actually received ANY money?

LOS ANGELES--(BUSINESS WIRE)-- OneFi Technology, Inc (Pink Sheets: ONFI) has received a substantial financing commitment from Dr. Fahad al-Malik of Saudi Arabia. The total commitment is for $20,000,000 which will be funded in two stages. The definitive terms of the financing are still being negotiated however the commitment provides for an initial $2,000,000 of direct equity financing with the balance to be invested in joint venture projects under the direction of Chet Noblett, OneFi’s Chief Executive Officer. The initial funding is expected to close just after the New Year with the balance of the funds to be invested over a period of twelve months beginning in the second half of 2011.