The supplemental filing does read as if an announcement is imminent and an acquisition/expansion is clearly their focus. The fact that they waited this long to address the DWAC association is an indication that the 2nd paragraph is what they really wanted to get out. Here it is again:
"..we have been actively pursuing the potential acquisition of targeted consumer brands which we believe are undervalued and/or have undermarketed product as a means of expanding and capitalizing our digital production and marketing expertise"
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