GREY:TBTEF - Post by User
Comment by
NuWaveInc45566on Sep 01, 2016 11:10am
145 Views
Post# 25199261
RE:RE:The Problem with the Ad Hoc Plan is Shareholders Get Nothing
RE:RE:The Problem with the Ad Hoc Plan is Shareholders Get NothingClass action should be directed at Murray Buckold as he was the one distributing mis-information.
I don't think you guys really understand that TBE doesn't generate enough cash currently to keep itself afloat.
That was part of the joke in Murray's proposal. He wanted to raise $30MM of paper (how he planned on getting subscription to this is beyond me) but instead of using this cash to fund the operations he planned on paying back the Banks?! LOLOLOL what a fuking idiot.
And you morons believed him!! You morons believe that there was negotiation for consideration. Reignwood said they had negotiated the deal but Murray failed to realize that they were negotiating with the banks for their $20MM haircut. Fuk you guys are new.
The offer came at the end of March, the banks then used the remaining 3 months to negotiate with the Lending Syndicate.
Fukin' retards the whole lot of you.