According to these SEC filings Platinum has completed its purchase of Wowio, using shares valued at .15 cents.
The sales agreement has also been filed and includes this little nugget:
All WOWIO contracts in existence prior to the Closing other than the Material Contracts
Looks like current WOWIO partners may be undergoing some changes in their contracts.
UPDATE: This is obviously a big story, but one that’s hard to track during our own little Hell Week. However Christian Scott Sava spoke with Wowio President William Lidwell and posts the gist of their conversation:
One thing I found out is that a lot of rumors and such that go around the web could NOT be rebutted due to the fact that Platinum is a publicly traded company. The red tape and dealing with the SEC makes it impossible to reply to every accusation and rumor.
That being said…while from what I hear of Platinum and their financial situation isn’t giving me a warm fuzzy feeling…what I heard from Will today set my mind at ease. I think this is a good thing for US.
Us being the publishers and their fans.