"It says upon consummation of financing. That happened Yesterday officially."
It says "agreed in principal", blah, blah, blah. Seen any SEC filing of the preferred being converted to common and the forebearance being extinguished, etc? If not, then it HAS NOT HAPPENED. The money from these Magna "deals" isn't anywhere near a BHRT account yet, so how would they be paying off all the Northstar "notes" and interest and other loans they still owe them? Is Northstar just gonna walk away from all the debts owed them?
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