GREY:NMKEF - Post by User
Comment by
Tcheckon Aug 20, 2020 7:41pm
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Post# 31436248
RE:Why did Pallinghurst offer 25 cents last year?
RE:Why did Pallinghurst offer 25 cents last year?the Pallinghurst deal that was never going to happen
they were not serious negotiating a new financing deal with pallinghurst because the cost overrun clauses of the loan contract with nordic trust were clearly forbidding them to even entertain the idea .
nordic trust didnt accept cost overruns under no circumstances. no way to wriggle out of those terms of the loan contract .maybe they didn t read the contract .the lenders owned , took over the company from that moment on .
we were not privy to that crucial piece of information .so this was misleading and me too i fell for it .
why was the stock selling under 20 cents when a deal was going to be struck at 25 .
i saw it as an opportunity .
for me this is blatant deception of the investor
.anyway i think on top of everything that the ceo is protected from being sued but i am not sure .
which financial institutions withdrew when the investors moved in ? anybody knows ?
i missed something