Home Solutions Of America Inc fka HSOA

[eastunder]

Tim,

I thought I would follow thru on those articles so I sent, via email, HSOA the following paragraph that was in that last article

*** However, lenders have still not approved the resolution of a note payable that relates to the company's purchase of its Fireline subsidiary last year."

and asked whether it was approved yet.

(Because that to me, sound fairly serious. But what do I know? LOL)


The reply I got back was....

The note is related to receipt of the FIGA monies. There is no requirement for consent prior to the intent to issue payment to Brian Marshall out of the FIGA funds collected. The credit facility is in good standing as the company stated in its recent PR.

-- Matt


Is Matt saying the lenders don't have to approve that anyway? And if so, then wouldn't that article be stating false information?

I also looked all over for some type of print on the bloomberg TV report but had no luck. Wish I had seen that myself, but Thanks.

Jen