RE:RE:RE:RE:RE:RE:RE:RE:RE:More debt settled... Did anyone notice no auditor review of last financials despite SPR delaying financials a few times by blaming covid to get statements prepped. Last financials (as of May btw) show $25k in revenue, op expenses of $869k (mostly G&A), and current liabilities of $8.5M. And language in YE financials is "material uncertainty related to going concern".
SUMKNDV1DERFL wrote: Hailmerry wrote: Don't answer him Sum, he must know how good Sproutly will be or he wouldn't keep hanging around.
Thx HM, I would not waste anytime. But, for those wondering about UNSECURED.
Assets can be subject to liquidation for solvency purposes. I was not referring to any secured or unsecured debt in particular, it makes no difference in the end in the sense that it leads to stripping of assets to extinguish debt and to prolong or evade bankruptcy either way.
As I said before, $PR and subsidiaries may or may not have enough assets, they may be solvent or insolvent. I can not say. Secured and unsecured matters at the bankruptcy stage where the game is over and court orders dispense the remaining assets accordingly. Hawk tried to twist this and take focus off of the main point.
Debt collectors are still willing to hold shares and take more of them at that! This for me is a positive. I like where Pepsi is going and how they have become involved at arms length with Infusion US. That’s what the big take away from my post should have been. Ignore the douche bags. Hope everyone enjoyed those articles, and be sure to share your thoughts.