Correct o mundo.
That is what the judge said.
Itro and NIR arrived at their own "settlement" that agreed exactly how the $8 million was to be paid out. That settlement agreement has not been released. They are in compliance with what Judge "Wapner" wanted, but that does not mean that $8 million in cash or shares will be paid out tomorrow morning. Maybe the payout is over 5 years, or 10 years, or 50 years. No one knows. Meanwhile the Company is doing business, all-be-it slowly. It is either continue on and have a chance to pay NIR, or go bankrupt and NIR gets squat.
The actual terms probably have not been released as it would give the other Companies getting ready to settle an idea as to what was available.
Will Itro make it? We do not know, but it has a chance!
