GREY:CRXPF - Post by User
Post by
Predator2018on Oct 08, 2019 4:32pm
130 Views
Post# 30209031
NEWS HALT COMING LIKELY ON $24 MILLION Tonopah, Nevada SALE
NEWS HALT COMING LIKELY ON $24 MILLION Tonopah, Nevada SALETHE COMPANY ANNOUNCED ON AUG 1 THAT ELITE OWNED 49% BY THE COMPANY SIGNED A SALES CONTRACT WITH TRINITY FOR TRINITY TO PURCHASE THE ASSET AT $24 MILLION ($10.9M FOR CROP).
AN UPDATE WAS EXPECTED ON SEPTEMBER 20 BUT THAT DID NOT OCCUR.
SUCCESSFUL DISPOSITION OF THIS ASSET WOULD SIGNIFICANTLY STREGHTEN CROP'S BALANCE SHEET AND MAKE IT FOCUS ON OTHER ASSETS.
HOPEFULLY NEWS HALT IS COMING TO UPDATE ON WHETHER THE ASSET SALE CLOSED.