Universal Medical Sytems (UMSI) Message Board

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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: Skaar who wrote (1199)	2/24/1998 11:28:00 AM
From: Laurens	Read Replies (1) of 1672

Here is an expert opinion: under Florida law they have 30 days after the eviction to cure. If they can arrange for money, it is in the best interest to keep them in the building. The landlord can keep or hold the assets unless there is a filed UCC security interest and then there is a fight. The building measures,so I understand, 40,000 sq.ft. divided into 30% office , 20% production and 50% warehouse space. There seems to be a tremendous amount of physical inventory,mostly outdated scanner parts.Just moving this would take time. Also the landlord would have to put the place back in good order before new tenants could come in. Gene, have you heard anything about these investors?

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