Post by
Jonasss on Apr 02, 2020 10:12pm
Monitor report submitted to court today
I just read EY report. They have a very strong case I think that court 99% will allow for stay period extension to allow PURE grow and harvest current Cannabis batch and sell what they have in the Vault. Additionally they will find a buyer for the company which will pay its debt and have a fresh start and keep the shareholders in play. Liquidation is non sense as they will have to destroy all Cannabis and keep shell building only! Court will give PURE a chance with this strong monitor to watch for cash flow.
Comment by
DueDiligence90 on Apr 03, 2020 10:24am
Good insight Jonasss, plz post on here when you hear any information regarding the court reports today. Mel said on twitter that he'd know today if they get the 3 month extension.