Yep skibum….the elephant in the EORIF room. Nobody addresses it and refuses to acknowledge it's existence. The "restricted cash" does little in the long run. The other thing people are not made aware of or seem to conveniently forget is that Regions bank yanked the credit line here a couple of years back. They knew the assets were never going to be enough to secure the %5mm bank line they gave.
Goes to show that this $56mm in "valuation" here is a hoax.
Looks like it finally died it's inevitable death….as if 99% losses weren't death enough to shareholders here years ago. Glad to see no more will fall victim to this scam.
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