Replies to post #538 on STG Group Inc. (fka STGGQ)

[MichaelKane]

Only one way to go.

On November 13, 2017, STG Group, Inc. (the “Company”) received a formal notice of default from MC Admin Co LLC (“MC Admin”) with respect to the Credit Agreement, dated as of November 23, 2015

The approximate amount of borrowings outstanding under the Credit Agreement as of the date hereof is $74,003,041.

https://www.sec.gov/Archives/edgar/data/1583513/000114420417059426/tv479616_8k.htm



STG Inc was one of their subsidiaries. They owed 74m. Couldn't pay. STG inc no longer belongs to them.

[Churak]

Ever hear of RIVT? Rinse, repeat...