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JimsZ

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JimsZ

Re: charhorse post# 4557

Friday, 07/25/2008 9:53:45 AM

Friday, July 25, 2008 9:53:45 AM

Post# of 9504
Charhorse... From what I gathered in my phone call to Scott G (CEO of FTS Group) is that they were "lied to" severly on the amount of debt & debt payable by OGOH (now MODI) which is why the deal was killed. If they had been given accurate information during the initial acquisition phases they would never have signed a letter of intent. Maybe it's just now that FLIP's accountant finally found "ALL" the debt


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