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Re: nfrequent post# 156407

Monday, 10/23/2023 11:28:04 AM

Monday, October 23, 2023 11:28:04 AM

Post# of 178064
I asked why this was good?


The company is in default in their lease obligation

1)

As of June 30, 2023 and December 31, 2022, the Company was in default under its finance lease obligation, therefore, the aggregate future minimum lease payments and accrued interest under this finance lease in the amount of $0.2 million are deemed to be immediately due




2


Payment are not being made monthly under note agreements

The Company has not made all of the monthly installments due under the notes and the notes are past due.

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