In the most recent quarterly they said that the PaId by Coins...

In the most recent quarterly they said that the PaId by Coins technical integration with Akela was complete and that they would release a separate announcement shortly regarding the official launch. However, there was no mention of PaId by Coins in the recent company announcement. The "outlook" paragraph of the quarterly was also different to previous quarterlys and indicated that they were currently evaluating an acquisition. My gut says they were in the mix for Paid by Coins, and took out the facility with Actuity for this reason (in order to fund the acquisitIon) but were beaten at the post by MBM. Annoying if true given that MBM finished the day up 30%.

Either way, it is also concerning considering MBM is in the same space as us - I wonder if MBM will allow Akela to use Paid by Coins or if they will block the existing deal. Clarification is required by management - it could be back to square one regarding the payment gateway.