I believe the expectation of news from the company is based solely on this (emphasis mine):
Quick Tent, Inc. Announces $1,000,000 Financing Package
SALT LAKE CITY, July 30 /PRNewswire/ -- Quick Tent, Inc. (Nasdaq: QTNT) today announced that it has received $275,000 as the first part of a $1,000,000 financing package. Commenting on the financing package, David Taylor, Treasurer of Quick Tent, Inc. stated, "The new financing will be utilized to purchase tent inventory to fill existing tent orders." Further details of the financing package and the expected timing of the additional funding will be released within the next week. |
