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Friday, October 07, 2011 10:24:20 AM
Ok, read the PR and see that cMoney will use the remaining money after acquiring core platform for other expenses, etc so they could finally be paying UDWK US Dataworks the $1,000,000 for the original deal that was cancelled.
The PR states acquisition of the platform which seems to be an odd way to say that they are finally paying UDW or adding a payments processor to their ecosystem. The headline states 'cMoney Acquiring Core Beta Platform' so there is a remote possibility that UDW is involved but I wouldn't bet the farm just yet. If UDW is involved this would be material and I would think a PR is required.
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