Glentel Inc GLNIF

Fire Sale in the Business Division

[Waterboy4]

In reading today's announcement one wonders what is next. Interesting enough Tom Skidmore makes specific mention that the companies frequency holding are not part of this deal. Perhaps the next announcement will be the sale of their Spectrum holdings. I wonder how the sale of assets is being viewed by their lenders? The Diamond loan is secured by the companies assets. Based on their financials they own very little in the way of real estate as 99% of their locations are leased.

All in all good on you Glentel. A couple of more stokes of the pen and the dog that was the Business division will finally, long overdue, be put to death!!!