GREY:LGLTF - Post by User
Post by
Papagalloon Jun 16, 2015 7:09pm
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Post# 23837568
Only chance of survival
Only chance of survival Requires the recent equity participants to be on board. If new management cannot pull that off, LOY is done. No cash, no monetizable assets, in default of debt covenants, former CEO loan at usury rates, pending class actions. It's not exactly the pretty picture sold to investors as a once in generation opportunity.