If this deal is legit IMO we will find out on or before June 30th 2015.
Did CEHD know before March 31st that financing wasn't secured? IMO the Market was expecting news that the deal was either dead or done. But we got the 8K IMO at the last minute that additional time is now needed.
So now more time is needed until June 30 2015 to secure this deal?
This could explain the Market's reaction aka trading volume
Hopefully if this deal is real the financing is non dilutive
Perhaps the Market can learn more about this company during the conference call on April 10th 2015