Perhaps there will be good news regarding the PDSG arbitration and efforts made by SEG to find a buyer.
From the 10Q for period ending Nov 30, 2011
On August 31, 2009, we initiated an arbitration proceeding before the American Arbitration Association against the three Crossflo principal officers who were signatories to the Merger Agreement alleging they provided false representations and warranties in the Merger Agreement and alleging nondisclosure of information about Crossflo during the due diligence process leading up to the merger. Those three principal officers deny our claims and have filed counterclaims for monetary damages alleging libel associated with the making of our demands on escrow and related disclosures in our periodic filings, and misrepresentation associated with our purported intent to fund the operations of Crossflo post acquisition. The arbitration is expected to commence January 24, 2012 and to be completed in February 2012. We have evaluated the potential for loss regarding these issues and believe it is probable that we will prevail although there is no assurance we will. Accordingly, we have not recorded a liability for this matter.
emphasis by me
