good read but that doesnt change the facts:
MKHD last PR:
NEW YORK, NY -- (MARKETWIRE) -- 10/02/12 -- Mount Knowledge Holdings, Inc. (OTCBB: MKHD), a software development and sales company focused on providing innovative technology solutions to the global marketplace, is providing an update on its business activities for the first three quarters of 2012.
The Company divested of its China operations due to lack of available financing options and continues to pursue a business strategy of acquiring additional product lines and/or companies in various areas of technology and communications.
The Company is currently undertaking completion of its December 31, 2011 audit and required public company filings, in order to become current in its 1934 Exchange Act filings.
Under the guidance of its investment banking and other advisors, management has recently pursued discussions with a new acquisition target, in the mobile communications (Mobile Virtual Network Enabler/Mobile Virtual Network Operator) and cloud products VAR business lines. This potential acquisition target's growth, revenue and profitability meet the Company's criteria for acquisition. The Company is endeavoring to advance discussions toward an LOI in the near-term.
To date, the Company has not executed a definitive agreement with an acquisition target and there is no guarantee or assurance that the Company will execute a definitive agreement with an acquisition target in the near future.
They walked away from GCS, just to wait a year and come back to the table. Doesnt add up!
I do appreciate all the time you put into your posts and they are very informative but IMO "your off track".
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