workingcapital, holey barf bags,
you're not not seeking to nudge me into the direction of any sort of conclusion as to what that means are you? ;)
I'm just pointing out that there is a share escrow, and the way I read it its to cover any Safend screw-ups in representation, at least it kinda read that way to me. The escrow is shares, not dollars as I read it. (its worth less than $1.33mm today, could be worth more or less some other day)
2/3rds frees up in 12 months, the rest in 18 months.
It would simply lower the total share outlay for the acquisition as I read it (Safend sellers surrendering some of their Wave shares back to Wave).
My totally uninformed guess is that somewhere in the international thingy aspect, representation of revenue, representation of liabilites, or some sort of indecipherable hocus pocus like goodwill and friends hit a snag, and it will iron out.
Pure guess.
The above content is my opinion.
