Ann: You Can Do It! Education acquisition complete, page-4

I still can't believe they have spent 90% of the existing cash on hand (estimated to the end of June, based on past quarterly burn) to buy this without disclosing anything material about its financial state, the extent to which it is revenue accretive to Tali, and specifically what additional costs and liabilities they've also taken on as part of the deal. For example, the agreement also provides for transitional staffing for up to 6 months, so this is presumably going to be the fees or wages of the vendor, his wife and/or another staff member (there are 7 of them featured on their website to choose from). I wouldn't be surprised if that puts quite a few hundred thousand more into the vendor's pocket.

I also don't believe that the prof & soph investors who have stumped up for this latest capital raise have done so blindly and without being fully apprised of the business case for this acquisition, and the financials underlying it. I certainly wouldn't. So now, where is that same information disclosure to the market? It's material, and they cannot show things to one set of investors (new) but not to the other set (existing). Where is disclosure of the presentation document or the plan they provided to the sophs?