The only information I trust and recommend others to trust is straight from the company in the form of an official filing. The point of the recent 8-k was to inform shareholders that the deal was still underway. So sorry, but 8-k > your opinion
Company Description: When PixelMags distributed the first ever magazine on the iPhone back in 2009, no one could have possibly imagined the impact that this would have within the publishing industry. The growth and changes we've seen since then have been phenomenal. The truth is, we're not simply a digital replica app company and never have been. We are a team of creative thinkers and developers and our focus is on you, the publisher, and on finding the total solution for how to get your content in front of as many consumers as possible. We're changing, moving to a SaaS business model providing services to automatically enhance publishers' content while adding additional newsstands. All without the hard work or adding any additional workflow. We've heard what you as publishers have been asking for and we are committed to giving you everything you need to expand your audience, distribution and revenues. Stay tuned, and continue to support PixelMags. We're changing and we believe you're really going to like what you will see in the near future.