Metro One Development, Inc (MTRO)

[charhorse]

The same people that are posting the to the moon posts here are doing the same thing on the HSM forum. I understand what they are doing, they want to sell their shares and the pump is the oldest message board tool around. They are up against some people that have all the cards stacked in their favor. They will be very lucky to get off of their positions before FTS defaults, and the business reverts to On The GO with all the associated debt. They have already reduced the purchase price, cancelled payments that were due as a part of the sale, and assigned receivables to FTS in an attempt to prop up the completeion of the transfer. Laurus still has a lein on basically all of the var business until those obligations are fulfulled. Even the rent that fts is paying for facilitites I believe are rented from a officer of the company. They are not equity in the company. I think this is about as long as a long shot can get. Look at some facts on FTS group. They are mired in convertable debt and their PPS is in the toilet. I don't think they have the ability to replace the On The Go debt with new financing.
Also, and this is only an subjective opinion. I don't think their single house plan "ONE" as shown on their web site is at all attractive. It certainly wouldn't pass for high end where I live




We all bought our shares from an idiot, we all hope we can find one to sell to