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kai-zen

02/16/15 2:26 PM

#17520 RE: nathanial #17519

I don't like to make assumptions about anything. However, that statement from the 10q says they are no longer obligated to effect the RS by the stated date. They could still effect an RS at anytime. We will know for sure if it was put on hold though this week. My question is what were the note holders looking at that influenced their decision to waive these requirements. What is your opinion on this Nathaniel?
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fireopal

02/16/15 3:31 PM

#17522 RE: nathanial #17519

companies usually amend/update changes for a material event listed in an 8k with an 8 k/a.
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Ecomike

02/16/15 6:36 PM

#17525 RE: nathanial #17519

That is what I am thinking, or at least on hold through to Wednesday. Perhaps they see something coming and see an advantage in holding off on the R/S. New business, new contracts, lack of risk with the new guarantee and payments from the top owner-insider?