Have you not read the PRa and 8k? Of the 6.7 million Soupman received in the sale to GBI, 1.7 million was used to pay off the DIP loan. GBI has eliminated 11 million of Soupman’s debt. Soupman is now a public shell, debt free with a clean balance sheet. GBI owns the assets. Connect the dots. You will have your answer when the companies submit their plan for merger.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.