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SAMNOTSAMUEL

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SAMNOTSAMUEL

Re: Turntheship post# 45911

Wednesday, 08/15/2018 4:33:20 PM

Wednesday, August 15, 2018 4:33:20 PM

Post# of 50157
They never specifically stated a day, but apparently the company underspent by $4 million or maybe more based on comparing cash utilized vs. operating loss as well as accounts payable growth. Plus down maybe $6 million on these loans. It is pretty foggy on exactly how bad the balance sheet is as I don't have the expertise. My rights execution is going to be modest. Perfection of $50 million is not required, but getting in that ballpark is needed to smooth the gaping, jagged edges
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