Man Davies

$LLEX

VARDES NEEDS TO PUT THIS MONKEY SHIT TO BED, AND BUY THE REMAINING SHARES

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IMO, VARDES LIKELY OWN 45% OF THE FLOAT NOW. THE OTHER 65% IS BEING FLIPPED BY OTHER TRADERS

$LLEX

ANYTHING THEY CAN MAKE OVER $5M MAKES THIS A WORTHWHILE VENTURE FOR THEM

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ASSET SALES COULD NET $160-$190M

ASSUME THEY CAN DISCOUNT DEBT .30 ON THE DOLLAR, THEY COULD CLEAR $100M TO $150M ON THIS DEAL

$LLEX

PERSONALLY, I WOULD RUN THE STOCK AND BUY UP THE REMAINING SHARES. SHOULDNT COST THE MORE THAN $15 TO $20M, TOPS. AND, THEY OWN IT. THEY COULD MAKE A $15M OFFER ON THE REMAINING PREFERRED SHARES. $30-$35M, THEY CAN SCRAP THE COMPANY.

$LLEX

LITERALLY, THIS IS A CLASSIC EXAMPLE OF WHAT -BREAK UP THE COMPANY- MEANS

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IF THEY SELL THOSE ASSETS FOR ANYWHERE NEAR MARKET, THEY COULD WALK AWAY FROM THIS WITH $150M, EASY

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I MEAN, THAT WOULD BE THE MOST PROFITABLE THING FOR THEM TO DO:

BUY UP THE FLOAT
PULL THE C11 FILING
CONTACT THE DEBTORS, FOR A DISCOUNT
SELL ALL ASSETS
PAY THE DEBTORS, LAWYERS, ETC, AND THE TAXES
POCKET THE CHANGE

$LLEX

BY THE TIME JULY 22nd ROLLS AROUND, VARDES WILL OWN THE COMPANY AND WILL PULL THE FILING. SHARE PRICE WILL GROW EXPONENTIALLY BY THEN.

WE ALREADY KNOW THEY PLAN TO SELL ALL ASSETS, PAY THE DEBTORS, AND POCKET THE CHANGE!!!!!!!!

$NE

REMEMBER... YOU CANT TIME TRAVEL BACK IN TIME, TO THIS POINT