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loanranger

02/13/24 10:23 AM

#401656 RE: olden_grumpini #401655

"Next week could bring more bad news. The 10-Q is due and the appeal of the court judgment must be filed."
A few specifics:
The 10Q is actually due tomorrow. (12/31+45days)
Assuming the 30 day limit applies to an appeal then that filing would be required by Monday.

As a footnote the Judgment says:
"2. Counts 1-4 of IPI's Complaint are DISMISSED."
To clarify I believe that represents ALL of the counts of IPI's Complaint so none remain open.

Any comments about these?
"Do they have to accrue for the judgment or just describe it in the subsequent events section? Will there be any adjustments based on the reality of the going concern issue?"