Jul. 3 at 3:21 PM
$EDGM
I want us to go into this month with clear eyes.
To my understanding July 24th is when the current agreement to stop conversion ends, with an additional 30 day extension if the loan holders agree. This agreement hinges on two things, the Sale of the Property and/or substantial progress toward a sale.
failure there is going to be uge delution ~ 2b ish (that might include the aug numbers..)
However, the direction has been nothing but positive considering the hole that was left due to Adler the fugitive.
I expect Mgmt will want to get news out there in advance of the 24th.
SO BUCKLE UP