Eve & Co Inc V.EVE.H

Where is Burch?

[mystique1]

who is in charge of greenhouse management/operation?

[reallyBobbyZ]

Melly is renting out the greenhouse to another licensed grower....so if Dave B is gone....she saves $$$ and gets to pay herself even longer before the cash runs out.  run oquote=mystique1]who is in charge of greenhouse management/operation? [/quote]

[BobbIeheadbob]

Good point Bob but Melly also wins and wins bigger when EVE goes bankrupt. The greenhouses are worthless since the land isn't included but if you own the land you'll be able to get the greenhouses for 5 cents on the dollar. Melly wins and all the shareholders will end up with nothing ..... [/quote]

[mystique1]

not necessarily.....the trustee could sell of the greenhouse with conditions to either get new lease agreement or dismantle and haul away.

[mystique1]

in addition, what personal guarantees has melly given? She might end up without a pot to...............

[BobbIeheadbob]

I can pretty much assure there is no personal guarantee. The pot sector was bullish at the time of the loan although I foresaw otherwise. Regardless , EVE is a public ally listed company with a bank loan therefore there would not be any personal guarantees ....

[Joe455]

Give the landlord a truck load of trim.

[BobbIeheadbob]

No because it would cost more to dismantle and resemble it than what it's worth. Can't see either how you can force the landowner to lease for less. They have nothing to do with the bankruptcy. Melly is laughing all the way to the bank ....quote=mystique1]not necessarily.....the trustee could sell of the greenhouse with conditions to either get new lease agreement or dismantle and haul