It's not going to happen (shocking, I know!). Here is the Detailed Explanation about that deal and how misleading Nate was about it in his March press release.
Nate likes getting hopes up and not providing the entire picture.
To Summarize the details in that article:
And simply put ... HE DOES NOT HAVE THE FUNDS OR CREDIT. I think that MOU has expired. Worth looking into if you are interested.