Confirmed all Redwood notes are null and void so roughly 600K of debt is gone and null and void! Yes that is fact we have it confirmed that Redwood is gone and out and therefore their other notes are off the books and they are fired!
This is huge news! Redwood was fired lol and heard they didn't get to complete all the debt. Redwood was mad so they got emotional and dumped it not knowing what PMCM shares are really worth. We great news is that Redwood shares were soaked up and bought by big investors such as myself that knows exactly what is transpiring here short term. Redwood had they of been smart, would of got 10x's their money if they would of sold the right way throughout the next few weeks.
Shame how much one can lose by getting emotional in the market.
LOL Redwood is mad because they only got 200k of debt and PMCM fired them and they didn't get the rest of the debt. Magna got the 150k which matches up to the PR on Monday of 350k total for Magna and Redwood. Viewhttp://biz.yahoo.com/e/130515/pmcm8-k.html