Tuesday, March 06, 2018 10:26:09 AM
never was...
Spence is now driving the boat
and holds 40-Mil. shares
Magna, Delafield, etc. don't want the assets (IP)
they want the defaulted loan $$$ dollars
and are willing to take 80% reduction
predicated on certain terms & conditions
$1.5-Mil. tranche funding is buying valuable time for other events to occur
Spence is no schlep - the guy 'walks on water' on Wall St.
AJMHO
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