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Sunday, November 27, 2016 5:14:45 PM
I understand your reservations and hesitancy, but Lugee puts in 63 mill and the first thing that happens is one of these predatory financiers from 2013 says pay us 750K because you guys never said the financing relationship was over. If I was Lugee, that would piss me off something fierce that I put in 63 mill and more than 1%, or 1 month of SG&A, has to be paid out because someone didn't send a termination letter.
My position is we didn't see any real increase in valuation until Lugee bought in, unless you're one of those brilliant (aka FOS Longs) who claims they're up 100% when they were caught in lies before and threw vile, vulgar, hissy fits about being called out on it.
I am guarded and cautiously optimistic, nothing more, until we hear, or see (prefer the black and white numbers) more.
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