Ernie - you obviously don't know Pagnano's tactics, when it comes to destroying shareholder value.
According to another poster who contacted Mikie....
Mike seems to think that just because his obligations to past prize winners and others who either won a court judgment or are owed money are in "default", he doesn't have to pay those obligations. Default simply means HRNF has not performed according to the agreement they signed....(surprised?)
I guess HRNF could seek bankruptcy protection, but those monies are still owed to the parties until a judge discharges the obligations.
Simply changing the company name does not change the obligations, although some shady companies seem to think it does.
IMO, not listing those "liabilities" in their unaudiited financials was just plain WRONG.
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