No, there is no link about this. It should show up in the docket for Mega's bankruptcy within the next few days. I was at the court hearing yesterday. They went to court yesterday to force Island Broadcasting to defer the termination of the lease, and Island did agree to defer the payments till the end of this month.
The stock price today is up almost double. I can not guarantee that Mega Media will keep the current shares and remove the Q, because they can simply cancel the old shares in their bankruptcy plan.
>Pulse 87 and Mega Media got a nice bailout in court. Mega Media
>has been given until October 30 to repay its debt to Island
>Broadcasting, but this time the debt owed is $500,000.
>HOWEVER, there is a renewed offer by Pulse Acquisition to buy out Mega
>Media. The corporation was created just for this purpose. I talked to
>the CEO of Pulse Acquisition (a wealthy investor not currently
>affiliated with Mega Media) and he promises to keep the same dance
>format, same branding, and same airstaff. Pulse Acquisition will
>buy Mega Media out completely, and has negotiated with Island
>Broadcasting to pay the debt due to them in full by the end of this month.
>Mega Media's next court hearing will be on October 15, and hopefully by
>then they would have finalized the deal with Pulse Acquisition.
>A major miracle happened just when we needed it.
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