Re-Pricing of Prospectus OfferingThe Offering is expected to close on or about February 21, 2014. The Company intends to use the net proceeds of the Offering to pay certain indebtedness, for general corporate purposes and to leverage its previous investment in research & development and launch a source-based portability technology later this year.
Gupta has been playing this game for the last seven years. Announcementsof new initiatives, GameTree Mac, Transgaming Studios, GameTree TV all followed followed or preceeded by a PP. One after another these initiatives die a quiet death. But there is always another one down the road, round the next bend. Gupta's gotta go!