Just got off the phone with Brook. Here is what he said:
1. They are still in full product development.
2. They are about to bring on another advisor to act as a CFO.
3. They are still launching the product this fall.
4. Since they have not yet launched the product, it is still hard to raise funds.
5. The SEC said that since they haven't filed anything recently, MTVO had to file or go private.
6. Even though Brook doesn't have money for audits and filing paperwork, we still own our shares.
7. In the future, they may file again, or they may stay private going forward.
8. Bottom line, we still have our shares.
Hope that is helpful to everyone.
B
