22.5 BILLION that's the presplit AS that they are
Post# of 30028
Unless GC pulls a rabbit out of a hat and pays off this horrible toxic series H loan, the penalties will likely lead to a BK filing. That is the sad reality.
I still can't wrap my head around why they agreed to this death spiral loan to pay off Discover.
Are they that desperate? 5 million bucks is going to destroy the company?
ESS, MANF, ELTO, MS PRECISE all potentially worth hundreds of millions and there isn't a BP interested? A vc?
What about the 7mill NJ tax credit?
What about the Lincoln Park line of credit? Is that gone?
Thoughts????