I'd love to see Susglobal wildly succeed for all you folks still invested, you definitely deserve better, but the company is where it is now and the 10K reflects that. It's about as ugly of a filing as I've ever seen with Marc being $33 million in debt and the debt continuing to pile up, interest payments last year were $1.2 million and should be higher this year. Plus more stuff keeps accumulating, like another $531k two months ago because the sales and payroll taxes for Belleville weren't paid correctly over the years.
I could go on and on but it's all there in the 10K for everybody to see. The one thing not mentioned in the 10K is the RNG offtake agreement so was a binding agreement ever signed for that deal...who knows.
And as for the Hamilton sale, maybe Stock Sumo has correct info in saying that it has been removed from the market, the MLS listing is gone, but the 10K does not state that the plan to sell the properties has been changed and the subsequent events section says that info is up to date as of the date of the filing May 14, and its still listed by Colliers. Maybe the upcoming 10Q will clear it up.
The final thing is that the extension on the $2 million owed to the Hamilton contractor comes due May 29 so we'll see whether that court date gets pushed back again from next month with another extension or if the contractor has had enough.
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