Monday, September 26, 2016 9:55:47 PM
Yes they cancelled the lease, the building would have needed work on the cooling system, I don't think lack of security was material in that I think BM was winding down or already on hold @the time of the thefts, in any case since the consequence was "not material" for the company they couldn't have been responsible for security breach, maybe that was supposed to be responsibility of bldg, owner.
So company's free to move to where electricity is cheaper if they want, make deals with who they want to sub-lease/ merge or buy --
To ME it's significant that they did this filing to be current on the QB which is essential to attracting and keeping top-tier investors, if they were going to file BK why would they have done this? JMO again, the management cares about their good name, and have a lot of that invested with this company, the first-ever in the space to go public.
Maybe that was premature, who'd have predicted the hacking, halving and so much change when they barely got going, but it's like the internet was.
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