No. Saying any claim for damages will be moot due
Post# of 13515
(Total Views: 175)
Posted On: 06/29/2022 12:26:15 PM
No. Saying any claim for damages will be moot due to the issues surrounding company's financials involving deconsolidating medi-ri assets and taking the significant write down.
Then consider who has/had the millions of $$ worth of equipment in hand.
Then consider company packing it in over a year ago by not paying facility lease rent for months subsequently moving out. Foregone back lease rent? Company credit?
You can't have your two or three cakes and eat them too. 16.2 million in medi-ri money burnt up in less than 2 years. Do you see any stock dilution from overall medi-ri project debt/settlements?
It's obvious the company moved into the facility too early, before DEM LOI and DEM final approval. Based on filings, it appears the company decided to spend a lot of money to have equipment assembled DEM final hearings and approval. Then it seems like the company may have stopped paying for the medi-ri facility lease and moved out due to insolvency.
That takes us back to the status of the equipment ...post profit participation agreement between medreycyler and medi-ri. Following deconsolidating medi-ri from snpw financials...hard assets belong to who? Another credit?
Don't see any damages other than self-inflicted damages. My opinion. An LOI that stipulates not a final approval with clear contingencies, also involving the public's response, won't hold up in court in my opinion.
just my 2 cents. do your own due diligence.
imho
cheers
Then consider who has/had the millions of $$ worth of equipment in hand.
Then consider company packing it in over a year ago by not paying facility lease rent for months subsequently moving out. Foregone back lease rent? Company credit?
You can't have your two or three cakes and eat them too. 16.2 million in medi-ri money burnt up in less than 2 years. Do you see any stock dilution from overall medi-ri project debt/settlements?
It's obvious the company moved into the facility too early, before DEM LOI and DEM final approval. Based on filings, it appears the company decided to spend a lot of money to have equipment assembled DEM final hearings and approval. Then it seems like the company may have stopped paying for the medi-ri facility lease and moved out due to insolvency.
That takes us back to the status of the equipment ...post profit participation agreement between medreycyler and medi-ri. Following deconsolidating medi-ri from snpw financials...hard assets belong to who? Another credit?
Don't see any damages other than self-inflicted damages. My opinion. An LOI that stipulates not a final approval with clear contingencies, also involving the public's response, won't hold up in court in my opinion.
just my 2 cents. do your own due diligence.
imho
cheers
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