On 30/07/2015 in accordance with the Heads of Agreement, POK paid A$250k to acquire an exclusive twenty eight (28) day option to purchase 100% of the issued capital in Buddy Platform Inc.
So, by my calculations POK have until 27/08/2015 to complete due diligence and execute formal documents.
Also, Buddy's existing relationship with Microsoft and Microsoft Ventures is very strong...
Through a partnership with Microsoft, Buddy can store data in 5 locations (Microsoft Azure data centers) throughout the world- North America, South America, Europe, Asia and Australia. This is important since many international companies have strict privacy regulations that require data to be stored locally in order to comply with data sovereignty rules. For example, European Union laws require that data be hosted and stored in Europe. Customers can also use other worldwide public cloud service providers (Amazon Web Services, or IBM SoftLayer, for example) and store data in their in-country datacenters. In fact, Buddy can be layered on top of virtually any IaaS infrastructure. Data can also be stored on-premise on any storage or server platform.