Exactly. No reputable investment bank would lend to a company with one active legal case, let alone two.
Since the cases started way back in December, BHGI has had to tread water from a financing side for 9 months.
Since many acquisitions require a combination of cash and shares, and with the financing having been hamstrung up until this past week, this phase of development has been affected as well.
I would expect that the leadership is busy re-engaging its lending sources. Hopefully we'll see some PR in this regard shortly.
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