Well, it was interesting that Doug stated that he thought they would be fine with their cash until the merger closes (which is not until the end of the year or early next year). Since they only have $1.5 Million in cash at the close of last quarter, either he expects a material settlement to occur in the interim or he knows that he can tap in the additional fortress money. And if this is the case, then they are not desperate for cash at the moment.
A transaction like this does not occur overnight, does not occur out of desperation. First met with Uniloc in March this year. Regardless of our second quarter results or stock price, management of Uniloc and Marathon believe merger is in the best interest of our shareholders and positions both companies for greater success long-term.
Market Data 
Markets 
AI
