$HDUP - we need to look closely at how they phrase these announcements. The words they use are meant to help us understand the deal without them spelling it out.
Here goes:
From their PR on OTC Mkts 9/28/21:
After independent audits and private analyst reviews, it has been confirmed that the total value of contracts as part of this transaction are in excess of USD $180 million with revenues already being generated from multiple clients and acceleration of other new product launches.
THEY DID AUDITS TO CONFIRM WHAT THEY WERE GETTING, you don't do that if this was just a PR exercise.
In their PRNewswire Press Release of 5/3 - they stated this:
When they referenced the deal to buy Spinola they said this: "The complex nature of the acquisition and merger strategy has been onerous and complicated, but we are pleased that we have built a financial model that will maximize our corporate finance structure and build a strong foundation for the many sectors we are operating in to generate substantial revenues."
So the downside is that it's taking time, but they are building something to past the test of time. IMO
Then remember that they hired the Texas Law firm in part "because of their success in taking OTC companies to NASDAQ"
They have not given a SINGLE signal, that they are not moving forward with this transaction.
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