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Re: GangstaRIB post# 36992

Tuesday, 09/19/2017 9:21:30 PM

Tuesday, September 19, 2017 9:21:30 PM

Post# of 65771
The question is what all is encumbered by this note? Is there real estate or something we are unaware of? I believe you are under estimating what else is here. I could very well be wrong as we are all speculating but the fact that we will be getting an update very soon can not be bad IMO. Certainly their is equipment but what else would be the rationale here is puzzling to say the least.

Encumbered. A property owned by one party on which a second party reserves the right to make a valid claim, e.g., a bank's holding of a home mortgage encumbers property.