Tuesday, February 23, 2016 4:14:18 PM
A. The 6 branch "arms-length" sale has not been completed.
B. The sale is contingent on successful pending IPO since the company has no assets, which is something Schadel made sure of after selling all the assets to the outgoing CEO on December 31st..
C. Schadel didn't pay off any debt with the $1 million transaction he made in June, so what makes anyone think he will do it now? In fact, Schadel made no mention whatsoever of what happened to that cash, but the Q showed that hundreds of thousands of dollars were spent on outside ventures and a handsome $220,000 bonus to himself.
The end of year bonus must be awesome if $220K is what he gets in the middle of the year on a no-bid stock with millions of dollars in late debt to note holders and Uncle Sam.
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM