They could release news and or more 8k's regardless of that happening or not. That would be the time where rookies mistakenly bail and veterans buy their shares at a discount. IMHO!
On March 13, 2012 a majority of the board of directors of the Company approved the divesture of the Company’s subsidiary, Airline Intelligence Systems Inc. I can't say more than what it says in the filing but I can say our year end financials are approaching and will be filed. At that point, you will be able to see clearly if any debt exists. Best,