Friendable Inc (FDBL)

[rut2k9]

I'm sorry that you don't understand how it works. I have participated in financings, personally, and have been involved in many.

If the toxic lenders desire, tomorrow they can show up and take the keys and sell the assets, and the company disappears. They have all the control.

But if they do that, what would they get? The assets in aggregate are worth a small fraction of what they have given management. These lenders aren't operators, and certainly not developers.

Instead, they can keep converting and selling, all the while keeping the ability to "call the debt" in their back pocket.

And that is what they are doing. They have no interest in accelerating things. It would only cost them money.

If they took management to court, management would just file bankruptcy. It would cost the lenders money they know they'd never get back.