Yuengling's Ice Cream Corp (YCRM)

[TooFrank]

David Yuengling was desperate. He had no leverage. Mid Penn Bank made the deal not David.

As long as the note is being paid every month Mid Penn Bank is satisfied
Tricky Dickey can do what he wants with the remaining excess cash - he is the CEO without a board. DY realized after a few months into ARSN the CEO was a slimeball thief and got the F out to earn a living.

Mid Penn Bank required the the two original owners remain responsible for the Mid Penn debt. You think they signed the deal out of the goodness of their heart.

Mid Penn Bank wants their money.

Do the math - the sale of shares hasn't made a dent in the $1.8 million owed to Mid Penn Bank.


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