2 things that come into my mind:
- they put everything ‘on hold’ for the merger agreement, except for Movychem.
Could mean they have some large deals they may be working on. Else why not put that on hold as well,
in order to focus 100% on the merger agreement.
- you could be right that they work directly with Movychem.
If they have large/multiple deals in the US that may be in the works, why pass through Xeriant Europe
and leave some of the sales margin there?
I would think that Movychem/Xeriant Europe would only agree on that if the deal Xeriant has is big.
I hope that, with the 10Q out of the way, the company will now focus on closing certain things and start communicating on them.