What DUTV is saying is that TORQ was not really worth $17 million as they had first estimated. In reality DUTV is assessing whether TORQ is worth the $167,000 stock shares they agreed to trade for the company.
I can only conclude that whatever potential partnerships TORQ has with VONAGE or any other company aren't worth very much.
When businesses sell themselves it is usually for what that business estimates they revenue to be over the next several (3 to 5)years based on their track record and current contracts.
That means TORQ has an estimated $33,000 to $55,000 in estimated revenues or contract deals per year at best.
Pretty shabby compared to their previous $17,000,000 estimated yearly revenue figures.
Just something to think about IMO.
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