We'll know after they have filed annual results and did the 6m secondary to pay off Vicis.
Personally I am a bit concerned by the latest news on accounting. They said that they previously recognized the partner's revenue share after 1-2 quarters only. With rapidly rising revenue, this meant that in any quarter the revenue share costs were understated. The release did not give any indication how much margins and profits were overstated. Do they have to restate financials? Will they file on time? Will this impact the plan to do a secondary to pay off Vicis? Management has said and I fully agree that it is very important to take this opportunity to clean up the balance sheet and reduce dilution.
I hope they can be successful.
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