Broadside Enterprises Inc. (BRSE)

[Smilin_B]

The Scotti Bros are "friendly" to Chris and didn't really put up a large amount of money to show their support.

At the time, he was probably performing his due diligence on frame pool and perhaps, at that particular moment in time, he was not aware that they would be filing for insolvency. However, I would say over the last 7 - 8 months, Chris knew that they were in debt and had no way to pay their debt. That's the reason why he negotiated zero payments to them in 2017. Why pour money into a hole? I assume, perhaps at the time, he felt that frame pool wood need about a year to go through the bankruptcy process and would emerge a much stronger company that BRSE would still own.

But to add insult to injury, we recently found out that frame pool has in fact been sold to another company? How is that even remotely possible if broadside was the majority owner, although they had yet to full pay? So I guess broadside is going to be standing in line to sue frame pool to get it's deposit money back? I'm just laughing because the shit really hit the fan here and at least some of us saw the writing on the wall and were able to escape at profit and break even.