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Re: Slojab post# 33990

Wednesday, 01/05/2011 10:32:21 AM

Wednesday, January 05, 2011 10:32:21 AM

Post# of 35503
If you look at their Q3 financial statements, you can see they were very quickly running out of cash. Without the ability to raise additional funds by selling shares in Q4, I have no doubt that they were unable to pay their rent for some or all of that period. And, if the facility was foreclosed on, which appears likely, then the new bank ownership would probably not be as forgiving about past due rent as the prior owners.