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nelson1234

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nelson1234

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Re: mandjb post# 41536

Monday, 11/20/2017 6:32:30 PM

Monday, November 20, 2017 6:32:30 PM

Post# of 116691
STLY....I wish they threw in the towell, but sounds like they are givin it another go.

Anyway, in the end, it seems they get $11.5 cash, a $4.5 note, about $1.5 in cash they get to keep off their current balance sheet, and 5% of the new company, and they keep their large NOL's. Less the $2.5 in charges they mention. So lets say the note is worth $4 mil, then they get net today $14.5 million plus the 5% of the new company and the NOL's.

Not a fantastic deal, imo.

Amazing Grace:

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