I think PixelMags has a few acquisitions in play - they know what companies they want and already determined the required dilution.
“The Company believes that there are number of acquisition opportunities which are more closely aligned to its core business and which will result in less dilution than the terminated acquisition. The Company will evaluate and, when appropriate, pursue these opportunities.”
“...when appropriate”
I wonder if that means before the Origo HITM merger?
SPCL is now a full two years behind in its SEC filings. If PixelMags was worth so much money whats the problem in getting the filings up to date? Its doubtful now the buyout/merger between SPCL and PixelMags ever even took place. This ticker SPCL is a joke. The PPS isn't worth the paper the shares are printed on.