Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Universal Medical Sytems (UMSI) -- Ignore unavailable to you. Want to Upgrade?

To: GeneM who wrote (1289)	3/12/1998 4:15:00 PM
From: Wizard	Read Replies (1) \| Respond to of 1672

"My source told me this morning that the landlord is "intransigent; and, that the small financing package [if it bears fruition]will barely pay the back rent. It's my guess that the debenture holders are probably Baker and one of the other board members [probably took debentures in lieu of salaries]. " I appreciate the comment, but. $1,000,000 in back rent??? I find that one hard to beleive. Yes, it is critcial to find out WHO the debenture holders are. This has not been disclosed, and is critical to the process. If it is the Baker Boyz, then they will surely take a surbordinate and the deal will go thru. It if someone on the outside, then it is another whole story and this could get dicey. We'll see.