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Re: None

Thursday, 08/18/2022 5:29:08 PM

Thursday, August 18, 2022 5:29:08 PM

Post# of 2941

Timmmmmmbeeerr! Watch out below!

Potential Divestiture of the Celerit Assets

Based upon Celerit’s post-acquisition performance and due to divergent views with the executive management team, the Company is considering its options with respect to the Celerit assets. Management has initiated discussions with the Celerit sellers about “unwinding” the Celerit transaction, however, multiple issues are being considered on both sides and no meaningful plan or agreement on potential deal points has been reached. There can be no assurances on timing, or that any transaction will be consummated with the Celerit sellers or other potential third parties; and if a transaction is consummated that it will be favorable terms or that it will positively impact the Company’s liquidity.

The Beavers and Eagle Lake Country Club syndicate will take this to teens, maybe copper. Funny how none of the greedy shareholders aren’t buying at these “ bargain basement” prices! Could be closer to a dime, imo!


Cheers, Red