I'm surprised they were actually able to sell the business...

I'm surprised they were actually able to sell the business considering the huge quarterly costs (before the scale back in operations) and no foreseeable breakeven. The buyer is going to have to prop up the business with their own funds.

I wouldn't be surprised if the buyer folds the business almost immediately and sells the underlying database, which 1PG originally paid for with $2m cash and 7.5m shares. That would probably end up being a decent quick flip.