P10 Industries Inc. (PX)

[stgman]

210 is a smart investor. You need to sit on both sides of the fence. Imagine if you were the landlord in this situation. You just granted your tenant a 5 year extension, now they want out. The buyer of your assets don't want nor need your building. Your tenant came up with a scheme to sublease without permission to a foreign entity that will probably disappear in the middle of the night and run back home to England. An assignment would work but that would require P10 to still be liable if Langley defaulted on lease. This is standard practice in a lease assignment. It is easier to chase down a domestic co. then a foreign co. As a landlord you would want to insist P10 stay attached to lease. 210 don't want this. That why they are asking the judge to reject the lease and allow Langley to take over and release P10. In Texas the law in in the landlords favor. If the lease wasn't an issue anymore stock price would be in the $3's and $4's right now. IMO. This whole deal is at risk. P10 should have had this squared away before they announced asset sale. Not trying to cause harm in your stock price. This will be investable when Lease is taken care of. P10 needs to reverse merg or assemble profitable business's to take advantage of those NOL's.

Sorry have a free account and can not PM.