Do you really believe Golden Gate wants 3.7 billion shares of a start-up boat seller? It is not in their interest to dilute the shares of company they lent to, but rather to hang on and give the company chance to grow and pay them back in cash.
Maybe someone associated with GGI is posting on this board. Who would be promoting this junk considering it's past history? Who could possibly be holding a considerable number of shares of this junk? Hmmm...
There has been a change in control. The old management and old failed businesses are in the past. Sterling Yacht Sales had $70 million in revenues during past six years. That is a huge improvement over tgln,gmfx,gzfx.