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makingwaves

10/09/13 1:30 PM

#40882 RE: moraesk15 #40867

The short of it is. CMGO made a decision to relinquish it's shares of AEYE back to Audio Eye. This in turn will infuse approx. $1.5mil into the treasury once the option is exercised, which will take place on Nov 7th. Those monies will eliminate all debt, launch a strategic business plan focussed on XA and bring in a new acquisition. This has been a long way a coming but I never gave up hope on the company getting themselves back on their feet. The ride has just begun!