JanOne Inc (JAN)

[againstallodds]

Too evasive. Payment in notes ??? Missing conditions...

I can't help remembering the last sale they did with Jon Isaac, not arms lenght transaction, sold at a loss and even worse sold at credit with a note. Don'´t expect anything better here.

They probably have letters of interest only at this step anyways.
This is the early early step in a deal process.
Of course there is nothing binding
By no way is it a binding Letter Of Intent

By the way the offer they have is non binding, si it does not mean much

A bank would not loan money based on this
Some creditors asked to be paid back as I could read in 10K

What I see coming, if any cash comes in this company, is the conversion by insides of the prefs A shares convertible 100:1 in commons.

Insiders would have 86% of the commons.

So investors should look at this disvestment opportunitu on a fully diluted basis.

Folks, make those calculations and watch the SP plummet

This organization loses money and 62% of its assets is "air" intangible assets. After a sale, it will be close to 100% of intangible assets

Buyers beware, what will happen when the only revenue generating entity will be gone ? Only thing left will be money pit Geotraq