Replies to post #34198 on Notis Global Inc. (fka NGBL)

[penknee]

No they can’t. They already have millions in debt, the A/S is maxed out so they can’t even dilute anymore right now. The liens on the farm are for more than the value. If anyone steps up it will be Redwood, or one of their subsidiaries, they already have a large stake in the farm and they’re willing to take equity in the farm as collateral. Notis has two options, r/s or increase the A/S.

[Risicare]

if they raise cash through equity financing that ballon payment can easily be paid off.

LOL, so you realize they could do that but that would 100% entail wiping out all the current shareholders with a reverse split as the stock is bloated and at zero.