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Wednesday, October 26, 2022 3:18:20 PM
The litigation, the bloated AP, the non-arm's length relationships at the Board level and the Spinal Tap CFOs - it's a compounding mess. Unfortunately the human cost rests in people's financial livelihoods being damaged. I don't refer to the speculative OTC stock purchaser, but the employees of suppliers trying to recoup losses who have been strung along.
But the ultimate default to Empery results in an acceleration of principal and interest, plus all IP that was pledged as collateral. Without the brand assets, what's left?
Depressing.
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