I've answered this a couple of times. That inve
Post# of 56323
Posted On: 09/17/2014 9:10:39 AM
I've answered this a couple of times.
That investor (the $20 million) came in to invest in the operations in Lakeshore, and maybe some of the other new ones (site #2?).
However, the company may well have had obligations from past acquisitions that required payout a year or two down the road (which is now) and that new money cannot be used for old obligations, so to protect the company from lawsuits, etc., Bill and company may have had to reach into their own pockets for now.
Of course, like most things we don't know, this is a speculation. But it is an educated guess.
And that is not to mention other reasons we don't know about -- the general need to move forward with things not covered by that $20 million, such as hemp, nutritional supplements, THE NEED TO PAY EVERYDAY EXPENSES, etc.
That investor (the $20 million) came in to invest in the operations in Lakeshore, and maybe some of the other new ones (site #2?).
However, the company may well have had obligations from past acquisitions that required payout a year or two down the road (which is now) and that new money cannot be used for old obligations, so to protect the company from lawsuits, etc., Bill and company may have had to reach into their own pockets for now.
Of course, like most things we don't know, this is a speculation. But it is an educated guess.
And that is not to mention other reasons we don't know about -- the general need to move forward with things not covered by that $20 million, such as hemp, nutritional supplements, THE NEED TO PAY EVERYDAY EXPENSES, etc.
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