Timeless Capital Corp V.TLC

RE: RE: Technically Speaking

[oldsaltydog]

UndeadWarrior,

At the risk of being called "Goofy" once again on this board by agreeing with a rational poster (you) I agree with the majority of what you have said. You make some well thought out points.

I too am long with ACG/TLC and have a significant amount of shares. At this point it makes no sense for me to bail out. It is better for me to hang in and see if TLC can put a rabbit out of their hats. But, as I have said before (and as Sooneryank has trouble understanding) I also have no dilusions that this could very likely go to zero in the next few weeks if TLC is pushed into receivership. AND we all have to recognize that receivership may only be a week away. Once the mezz debt guys took the steps to call in their loan as they did yesterday, TLC's bank (who is first in line) has no choice but to protect their investment and follow suit. 

Now others on this board will jump all over me for pointing this out, but it is reality. If no funding in one week, then receivership is imminent. I'm a big boy and I know what the consequences are for my investment. Everyone else needs to understand that as well. This is not bashing it is reality.