InvestorsHub Logo
Followers 137
Posts 3593
Boards Moderated 0
Alias Born 09/10/2013

Re: Fornick8 post# 51304

Monday, 01/13/2014 5:13:03 PM

Monday, January 13, 2014 5:13:03 PM

Post# of 143351
He said TGGI will be current in Q1.
The reason the acquisition was canceled because Prestige refused to show 2011 & 2012 revenues. After he demanded to see the tax returns he saw there was a lot of debt which didn't match the profit promised by Prestige. Prestige then offered Clarke the company for a lot cheaper to offset the debt, Clarke is reviewing their new offer now.