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Posted On: 11/29/2017 11:39:05 AM
Post# of 40990
I was accounting for that debt. The problem was the negotiated debt had been known about for months but yet board members kept pushing the stock as a great buy at .015, .014, .010, etc....
I've repeatedly ask the question of why Berman felt the need to buy a shell company. Couldn't he have purchased Cogosense privately and not have to deal with all the BS that surrounds a reverse merger and payoff of debt.? Maybe it has something to do with all the other legs of his holding company.
I've repeatedly ask the question of why Berman felt the need to buy a shell company. Couldn't he have purchased Cogosense privately and not have to deal with all the BS that surrounds a reverse merger and payoff of debt.? Maybe it has something to do with all the other legs of his holding company.
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What you are possibly missing is there was inherited debt to also be paid. Remember, Steve negotiated down after he took over the company from over a million down to a little over 600k
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