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Thursday, 10/26/2017 7:39:50 PM

Thursday, October 26, 2017 7:39:50 PM

Post# of 107227
LimeCom audited financials do show $125M revenues for FY 2016, I was dead wrong about that.

The gross profit margin is small, 1.74%.

The company has huge receivables and huge payables. The receivables are factored, which is not good.
The company has a settlement with several internet providers, $660K+$406K.

Obviously both parties expect the merger to fail, leading to a rescission:

The Company and Heritage have a mutual right of rescission if the $2,000,000 is not paid or any unknown or undisclosed material claims are made against Limecom. as set forth in the Agreement.



And of course, it is absurd for LimeCom to lend $513K to the company that is purportedly purchasing it.
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