Replies to post #95448 on SPO Networks Inc (SPOI)

[jmizzle]

You are correct in your thinking of three payments. There is no way to know if a payment was missed or not because there was no publicly announced payment schedule.

Directly from the settlement announcement:

Additionally, HTI will pay an undisclosed cash settlement in three payments, with the final payment concluding on March 31, 2013.

http://ih.advfn.com/p.php?pid=nmona&article=53853673

Now, if it were three equal payments, then each payment would be about $367k. Today's PR says $700k paid which is pretty close to two payments at $367k each. My question is in line with yours, was a payment missed and then they made up for it or were the payment terms such that required a large initial payment and then two smaller payments (which doesn't make much sense)?