Metro One Development, Inc (MTRO)

[charhorse]

OGOH was a fully reporting company with audited financial statements. I wasn't in the room so I can't say what was disclosed. I still believe the responsibility falls on the buyer. I was able to ascertain from their filings and constant issuances that their debt was out of hand. I'm relatively sure that FTS was given more access than I could hope to have. Also I would assume that their accountants have expierence in these matters.
The CEO of FTS group is very familiar with convertable debt and I can't really accept any claims that he was surprised by the debt load he was dealing with.
The lawyers will figure it all out,the shareholders will foot the bill