OTCPK:SPLID - Post by User
Comment by
ezemoneyon Dec 11, 2019 11:22am
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Post# 30443897
RE:Dummy it
RE:Dummy it It appears management was asleep. The financials came out, the CFO probably swamped with calls to accounts payable and saw how hopeless the financials are and quit.
Everyone scrambled to contain the disaster to avoid receivership but it is too late and increasing interest costs will hasten the company's demise.
There is no net value in the company and the debt holders will probably kill it and delist.