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enforcer1

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enforcer1

Re: enforcer1 post# 5113

Wednesday, 01/10/2018 12:32:07 PM

Wednesday, January 10, 2018 12:32:07 PM

Post# of 8505
If events is looking good forward, why spend $5.3million to terminate a workplace's lease? Are they moving?

"The Company will, in accordance with the terms of the Lease, pay a termination fee to the Landlord of approximately $5.3 million on or before the Termination Date, which the Company believes is less than the potential total lease and operating expense cash obligations that could have been incurred over one year."

https://ih.advfn.com/p.php?pid=nmona&article=76440499
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