You are the first person that actually reads the PR's? What is this world coming to? Yes Itro lost the lawsuit. That means that they have to pay NIR what they had agreed to. NIR if nothing else has good lawyers. The judge decided that NIR was due 8 million dollars. They did not dictate how that was to be paid off other than by shares of stock. That alone would mean serious dilution, but a settlement agreement had to be agreed to. No one knows the terms of the agreement that was agreed to by both parties except the parties to the agreement. If no dilution is immediately forthcoming, than it can be assumed that Itro did not have to dilute immediately and the actual dilution will occur over time. There may even be terms to pay it off earlier in cash.
It will take us a while to see what this agreement will do to the Company, but even total dilution would not be a horrible thing. It would not make us all happy, but we would survive. The big thing for Itro is that it took the 8 million off the liability side of the balance sheet.
Let us keep our fingers crossed!
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