Replies to post #15626 on Mobilepro Corp (fka MOBL)

[crashman]

Maybe someone else was thinking what I'm thinking:

Posted by: crashman Date: Friday, June 12, 2009 10:44:57 AM
In reply to: stockdoc68 who wrote msg# 15602 Post # of 15627 [Send a link via email]
BK was actually filed against SWVL by vendors, but dropped because a Wells Fargo loan had highest priority (Wells Fargo was calling back their loan) YAG did nothing, in fact the company got more CD's with others like YAG to pay off WF. GERS has lost money hands over fist for years, little assets and still losing money big time. They owe YAG over $30 million and it seems like YAG is even willing to give them more. NEOM, you know, they still have a good story, but almost no revenue and they owe YAG more than MOBL. Yag has not asked any of them to foreclose. I could name tons more, YAG has never forced BK on any of them. THe reason they don't, is that they have a better chance to get it back by diluting shares than to collect little equity.
MOBL has a lot of equity compared to many others, but that alone just doesn't make sense. Wise might be on to something, however they better not screw us. If the sp falls to .0001, I might get together with some others and take voting control and buy over 50% of the stock before someone else does.