I'm pretty disappointed and frustrated by how long
Post# of 30065
(Total Views: 437)
Posted On: 08/09/2018 7:20:41 PM
I'm pretty disappointed and frustrated by how long things are taking and really thought by now there would be some resolution to all of this. But I think whatever plans they have for Elto and Cutanogen are on hold until the accounts payable are settled. No one is going to do a spin off or loan with any of the subs with millions owed in past due bills.
I assume they will need each account to sign off for a big discount and also to allocate their account to the sub they are related to. So I'm sure it would take a lot of time to do that. Even if Gerald could somehow do a blockbuster deal (I'm not holding my breadth), he would need to wait until the AP is settled first. Plus, if they actually had some funds lined up from somewhere, they wouldn't want to fund anything until AFTER the accounts sign off and agree to a big discount. If they got some cash first, the creditors would want a piece of it- they need to negotiate all of the creditor payoffs first.
I assume they will need each account to sign off for a big discount and also to allocate their account to the sub they are related to. So I'm sure it would take a lot of time to do that. Even if Gerald could somehow do a blockbuster deal (I'm not holding my breadth), he would need to wait until the AP is settled first. Plus, if they actually had some funds lined up from somewhere, they wouldn't want to fund anything until AFTER the accounts sign off and agree to a big discount. If they got some cash first, the creditors would want a piece of it- they need to negotiate all of the creditor payoffs first.
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