Only one way to go. On November 13, 2017, STG Group, Inc. (the “Company”) received a formal notice of default from MC Admin Co LLC (“MC Admin”) with respect to the Credit Agreement, dated as of November 23, 2015 The approximate amount of borrowings outstanding under the Credit Agreement as of the date hereof is $74,003,041. https://www.sec.gov/Archives/edgar/data/1583513/000114420417059426/tv479616_8k.htm STG Inc was one of their subsidiaries. They owed 74m. Couldn't pay. STG inc no longer belongs to them.