Friday, July 24, 2020 12:55:03 AM
This tells me a new deal is coming very soon.
"The issuer changed control in a civil and amicable fashion. The issuer carries approximately $1,8 million dollars in debt with no foreseeable ability to satisfy any portion of the obligations. The turn around management intends to compile all proof of debt and formally file a Federal reorganizational plan or Chapter 11 under the Federal bankruptcy reorganizational plan. The interim management intends to restore the company back to fully operational status without seeing its shareholder base and eroding the shareholder equity to a nominal or minimal level.
Under the terms of the agreement (control block), the interim management will resign and introduce new management and a new operating entity will be operating within the auspices and direction of the issuer and the new long term management."
They plan to restore the company back to fully operational status without seeing its shareholders base and eroding the shareholder equity to a nominal or minimization level.
$TGRR will rock soon.
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