Monday, December 02, 2024 3:12:45 PM
Read the 10Q.
They have more than $9 million in mortgages, all but one is overdue and that one will be overdue on Dec 15 because there's no way they'll be able to pay it. Plus there are millions of dollars in lawsuit judgements against them. So the company's toast unless they can find a sucker to seriously overpay for the rundown Hamilton property they have on the market. If they don't sell that by February they'll probably lose it and Belleville and the company should be officially toast. Stock could still go up because sometimes traders like bankruptcy plays but I wouldn't bet on it.
They have more than $9 million in mortgages, all but one is overdue and that one will be overdue on Dec 15 because there's no way they'll be able to pay it. Plus there are millions of dollars in lawsuit judgements against them. So the company's toast unless they can find a sucker to seriously overpay for the rundown Hamilton property they have on the market. If they don't sell that by February they'll probably lose it and Belleville and the company should be officially toast. Stock could still go up because sometimes traders like bankruptcy plays but I wouldn't bet on it.
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