Replies to post #1868 on Manati Industries, Inc (MNII)

[bigcat2]

My point is that if you're communicating with a MNII officer and they're dodging those two questions there's a problem. And Debt is never unknown. That makes no sense. They may not know the exact to the penny amount but they know close. You've said it yourself a million times that they haven't run the business in years. Do you really think they haven't figured out the books yet?

Lol ok. Feel free to reach out and try to get the info you want...

For #1 'my assumption' is 10 commons to 1 preferred. Par value shows that and back in to 70's and before, preferred were handled much like that. Just my 2 cents, no facts.

I think the debt is officially unknown until we know the resolution. Restitution vs payout has different impacts. Worst case, it states assets exceed liabilities in the claim (although not by a ton), but I would 'assume' some debt has been written off long ago.

Yep the OTC makes you think vs the big boys that lay it out on a platter. If they were reporting they would still be on the NYSE lol.