Looking at all the headwinds that come with EVERYTHING associated with this company and the fact the last 20 million came from an acqaintence, not dmrj, shows dmrj is DONE lending money here. After the last year and share price erosion, bam is done as well.
So where do get 60 million to pay these two entities off given the company has never turned a profit, just fired the CEO, and had a protest that might not be resolved for potential financiers until AFTER all debt is due or at a minimum just days leading to it?!
No one is going to lend this company 60 million given those uncertainties.
They are selling this company period. If the hires are just tech people to build the 220....that means nothing in regard to continuing as is as imsc.
Bet management from the acquiring company is already in Wilmington learning what is needed to maximize the buildout, thus McGanns new hires. The acquiring company can't do that until they OWN it.
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