GREY:TSTIF - Post by User
Comment by
MarylnMansonon Apr 12, 2019 5:33pm
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Post# 29621240
RE:RE:Amazing
RE:RE:AmazingI am upset that this management team decided that they should lever up the balance sheet with 20 million dollars worth of debt at 10 to 12% to buy back >200 units of inventory.
Since Geting essentially had no rights to sell the units once the deal was terminated TSO3 didn't need to buy back this inventory or pay for it all upfront. But again their deleusions about this product ant their ability to sell it has essentially backed them into a financial corner.