They sold off a division this year to supposedly pay down some debt. I dont know how the could afford to actually buy a company. They dont seem to have much cash to even pay the bills. I never heard of anyone they were talking about merging with.
Anyone knows something concrete please let us know!
Dr. H. Dean Cubley stated, The sale of our residential networks in Texas is an important first step in our overall list of business objectives for 2014 that we outlined in our August 14, 2014 press release. We plan to combine the proceeds of this sale with other financing that is being arranged to completely upgrade the ERF Wireless balance sheet over the remainder of 2014. We will also seek to complete one or more acquisitions in 2014 of other compatible companies in our industry using the third party acquisition fina ncing announced in our press release on April 30, 2014.
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