Post by
markgreen on Oct 24, 2022 3:43pm
Should CHALF be evaluating insolvency takeover in November?
It is my opinion that Chalice needs to be evaluating various options for a viable restructuring, including sale /monetization of assets, sale of locations, equity infusion, and even more borrowing via debt refinancing by investors which will further dilute investors’ equity. The alternative after November 2022 is either receivership especially with NO FINANCIALS for over a YEAR or a hostile takeover by debt holders. One of the best alternatives, company acquisition is not attractive because of the continued failure for 8 years and the failure of any gimmicks to push the stock upwards but down 89% in 16 months record time posting NO FINANCIALS with 50 excuses