RE:RE:RE:Unintended vs. Purposeful delayingBarstoolSage wrote: Financing is a red herring Hawk. Read the NR closely and you'll see MH is the bank on this while SPR contributes IP & related expertise
HawkII wrote: I'd delay too if I were MH. Unfortunately SPR has yet to close on a whole bunch of items. Why would they finalize a JV when their partner doesn;t have solid financial footing and so many outstanding issues. Better to wait it out, see if SPR can raise money and then finalize something. As Ive said before, MH in driver's seat.
Disagree. I've read the release. As in any JV, both parties need capital to maintain stake. So far SPR hasn;t shown that but I could be wrong in less than 2 weeks. In the meantime, the bank (MH) wins.