I wonder if I've just found the smoking gun here - Mobecom (MBM)...

I wonder if I've just found the smoking gun here - Mobecom (MBM) released an announcement last night to acquire 80% of PaidbyCoins for $6mil. MBM has a market cap of $13mil and is up 26% on the news so far. Could it be possible that OOK was in competition with MBM for the acquisition of PaidbyCoins and lost out? This could explain the recent sell-off and lack of mention of Paid by Coins in the recent company update. Also a former update seemed to indicate discussions were being had regarding an acquistion which then ceased.

In any event it is good to see that MBM is reacting positively to an acquisition in the same space as us.