Tomato69. Don't rely on "one of the above guys reading this" send it to the company and let them know what you and very many others are seeing and thinking!!!!
The very scary part is that most of that expenditure is coming out of S.Bizzell's loan facility or potential issue of shares in lieu and just making the company's debt and equity situation worse by the day.
Begs the fundamental question, why have they not settled the TO agreement???
The creditor(s), ironically(??) are the only "beneficiaries" for the delay and they are the very ones in charge of settling that agreement!!!???
I ask another question re that TO agreement. We have been told that there are issues of employment and training to be negotiated before the agreement is settled. The agreement with EOPL is that EOPL does ALL the work on the lease, so, wouldn't EOPL have to be heavily, albeit indirectly, involved in determining those particular issues? Oh, for some transparency!!!
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
