MedSmart Group Inc (MSGP)

[solong]

$KNSC - here is the reason they don't begin to get current, imo

There is a section in every Q and K that is Titled, "Subsequent Events"

If they file a quarterly or annual (all past due) they would have to spell out what they are doing. Sale type: "Leaseback Redevelopment Project" would have to be included.

So how does one trade a Real Estate transaction that most would never understand? Your average trader would scream, "they're selling the property!!!"

Maybe this a just one big scam by the Granatstein family but there is nothing in the information that is publicly available to suggest that is the case.

Until we see the terms of the Leaseback, i.e. term length (10 yrs?, 15 yrs?) and the terms of the "Redevelopment Project", i.e. do they have to put all $16.5 mil (assuming they get that) back into developing the 20 acres?

We don't have a way to evaluate the transaction and I don't think they will provide any answers until they are ready.

The Granatstein family has two ways to monetize their 20+ years investment.

1) via stock in a publicly held company (referring to the share price and thus it needs to be higher)

or

2) via the profits of the underlying asset, i.e. the remodeled and improved facility in Orlando and the profits it can create.

If they choose #1 then they have the same interest as current shareholders, to see the share price go up.

If they choose #2 then they have the same interest as a current shareholder, as they want profits to improve and improving profits means an improving share price.