Following the recent news Gizmondo Europe has filed for bankruptcy in Britain, an updated SEC filing from the company has revealed more information on a bridging loan and the fate of other subsidiaries.
Reason for the Jan 31 filing?
Well, it is obviously intended to reveal that Tiger Telematics managed to complete a $5 million lending agreement with Laffitte Partners that will apparently help continue the company's worldwide operations that now as of now largely consisting of American and European Gizmondo divisions.
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