EPL Large Shareholder FNR Continues $$ Issues EPL Large Share HOlder, 49 North, FNR, continues to have $$$$ Issues, their proposed restructure Debenture Plan, Plan #1, appears to have run into strong opposition and yesterday FNR proposed, Plan # 2, a New Plan, with the suggestions more changes/plans are forthcoming.
FNR is unable to raise funds and with the Debenture situation/problems it could cause issues with FNR's current asset holdings, if they need cash, in my humble opinion, as well as FNR cannot be counted on to add or participate in fund raisings by companies.
I suggest you go to FNR website and read the Press Releases for yourself.
All the above in my humble opinion. Once again go to FNR's press releases and read them.