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Wednesday, November 28, 2018 10:49:21 AM
4Less had also made a financial arrangement at the beginning of the year (previous to the LOI with MCGI) with the warehouse landlord who invested cash in the Company and also gave some rent rebates valued at approximately $1 million in exchange for a 10% ownership stake in the Company.
So the warehouse owns 10% of the company?
Or is that another $1M plus whatever funds they put in to it more debt that has to be taken care of?
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