Originally Posted by
minimoke
Possibly also worth pointing out that if the KSL transaction doesn't go ahead the IPO will not proceed at which point I think we can say it is goodye to MJP.
So nervous times for existing holders. They will be looking closely at any potential insolvency event. At june 2014 they had $700k in cash and $500k in current liabilities. They have incurred costs between july 2014 and January 2015 with no apparent income. IPO costs have just gone up but offset by a $1m loan from KSL.
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