GREY:GDPEF - Post by User
Comment by
therageron Feb 16, 2019 3:31pm
41 Views
Post# 29375663
RE:RE:RE:RE:RE:per share value of tax-loss credits
RE:RE:RE:RE:RE:per share value of tax-loss credits Sprott Lending wants to get paid back. Plain and simple. RCG needs to raise $2.1M as soon as possible to pay off the tax authorities. They were paying all these large salaries and forgot to pay the payroll and other associated taxes. Sprott Lending will assess the credit wothiness of any deal that is put in front of them. Seems to me, if there was a credible one, they would already be working on this and could of delayed the PWC letter. I am working from the assumption that most or all of the assets will be sold to pay off the secured creditors. Also, if ES was going to inject more capital why did Greg Gibson resign? LAstly, if George Young, who holds a large equity position, was going to inject capital he would have done so. Who is left? I do not think there will be a lot of bidders for the assets and those bidding are going to seek to purchase for pennies on the dollar.