A KISS ....
Keep It Simple Stupid ....
Considering this company is failing as a "public" company in all respects at communicating timely information as a "PUBLICY" held company ...
can someone tell me WHAT THE HELL this actually says ...
>>>> Total gross proceeds from the sale were $16.25 million. A portion of the net proceeds was used for general corporate purposes and additional leasing costs at other company properties.
“Capital from this sale will enable us to continue focusing on our core assets, including Alameda Square, in Downtown Los Angeles. Investing in improvements to those properties will attract creative companies that are looking for a unique space at the cross-section of the burgeoning arts and fashion hubs in Los Angeles,” said Martin Caverly, CEO of EVOQ Properties. <<<<
A portion ???? what portion 99% or 2%
Net proceeds ??? a dollar, a thousand dollars, a million dollars
Investing ??? really ... WOW! Builing tenant improvements is considered investing ... wtf ... c'mon they're treating their own investors as idiots ...
This is horribly written and doesn't say crap .... nobody other than current insiders could make sense of this. Better off not to release this kind of crappy communication.
New management is in trouble here ... JMHO
Bad, Bad and even worse than prior mgmt.
