It's interesting that Mulvana feels that he has enough of a defensible position to take this as far as it's going. From our(SYNJ's) position, it seems pretty cut and dry - the guy owes us our money back because the loan didn't make it to fruition or there was a problem with the way the escrow monies were to be spent. There's obviously another side of the story, and I'd like to hear it. Not in court document language, but something we can all understand. Seems like a no-brainer to me.
Hopefully we would have had an attorney reviewing things all along the way which would prevent something like this from happening. If not, I think it reveals yet another area of incompetence of our CEO, in my opinion.
Regardless, this is all costing us prescious time and money, and I hope it gets resolved sooner rather than later, good or bad.
And oh yeah, WHY would any potential buyer want 20% of a company he's operating? To do it over again, I wouldn't have spent a nickel here.
Sorry, guys and gals - just doin' a little venting on a Saturday afternoon. Good luck, all.
News 
Market Data 
Discover 
AI
