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Re: moneysmurf post# 29984

Tuesday, 01/10/2017 5:40:34 PM

Tuesday, January 10, 2017 5:40:34 PM

Post# of 31651
Where will the funds come from to pay off the debt? SAKL hasn't proven to be profitable. With more events come more expenses. We are getting fed the same story as when they acquired the event companies such as expenses overall will decrease. This has not proven to be true. Now SAKL was behind over 600k in debt payments as of December for the TCA funding agreement. Current Q will not provide much in revenues...definitely not enough to pay the bills. I'd be surprised if they are able to pay the debt off without dilution. Still waiting to hear how the debt is restructured.

If you watch, Surber is doing something similar as what he did with SAKL over at the subsidiary GRNE. Touting a possible huge acquisition this year.