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Chicago-Paul

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Chicago-Paul

Re: Dantheoneman post# 62135

Friday, 02/07/2020 11:09:57 AM

Friday, February 07, 2020 11:09:57 AM

Post# of 70335
The Company is not done!!

BUT the Shareholders ARE!!!

Terry gets his Golden Parachute while the Shareholders get royally screwed.

What's next?

The new CEO will "do his best" to avoid Bankruptcy.

He will issue $200 Million more shares ATM (yes, this is DILUTION) in order to raise OPERATING CASH.

Then, when that runs-out, he will blame everything on Cam & Terry (who already made their Millions $$$) and they will file for a Bankruptcy Restructuring.

Then they will write-off the rest of the Goodwill and restructure the Balance Sheet.

The Common Shareholders will be whipped-out.

Then Nelson (and his buddies on the Board) will recapitalize the company with favorable terms for THEMSELVES.

ACB will live on - but the Shareholders are TOAST.

Welcome to Wall Street.

If anyone is thinking of buying this - think again.
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