Post by
KidKorsakoff on Apr 07, 2014 2:53pm
Jonathan More house is worth $3.5M. Maybe he can use $ .....
According to the recent news article on Jonathan, his house is worth $3.5M. Since all that is needed to get Mira unstuck is $1M-$2M (to pay off the creditors), why doesn't Jonathan take out a loan against the property or move into a normal house and get Mira cleaned up so it can be sold without any liens? If he funded the private placement he would get lots of cheap stock and make several times his money. A cleaned up Mira would go at today's pricing well above 22 cents even with the dilution from a private placement at 5 cents.