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Bubae

12/01/21 12:06 PM

#39491 RE: tigerpac #39482

I agree. It is certainly no stroke on genius on my part to be able to read the filings. I played the game here and made good money on a couple of runs early in the year. I gave back a chunk when I bailed on this slide when I didn't appreciate the degree of toxic debt conversions in place. I got lazy as well since it was a story that sold so well. I still haven't bought back in because I am weighing two questions. Will they restructure the debt and take some selling pressure off, or will they simply let the toxic debt convert as it is until the share structure need to be reset by the reverse split. Right now I suspect the later to be true because the debt debt has really stymied their purported business plan of the past year. They aren't execute on the ARIA property purchase using the share structure, they haven't followed through on COVID clear and it took a very long time to get the ARIA deal done. They also has a LOI on another deal that I am unable to recall at the moment. Also, each debt restructure make the debt much more costly.