People may say oh, those real estates are not so luxury, but they are very significant to MYEC, a company lost 5 million last year, has only about 100 or so thousands revenue, which may not be able to continue its operation (the professional auditors said so, they know the "full" picture), that is, at a stage of bankrupcy.....
The CEO need to explain why the company owns various not so luxury real estates but at the same time keep on selling the extremely toxic convertibles notes to his accredited investors?