Re: My Theory: For what(ever) it's worth...LL
posted on
Aug 17, 2009 11:41AM
To the best of my knowledge, as the contract has been posted here before, the lien is in place so that in the event EDIG is sold by choice or a hostile take over, DM being the lien holder, thus 1st position in an escrow transaction (well, I guess creditors would be 1st position and DM 2nd) they will be paid in full all monies due. It's not the only reason for the lien but a major reason.
Also, DM cannot block a sale is my other understanding. Their duty is to act in the best interest of their client and it's share holders.
Where's DB when you need him, as he is who I think has posted the contract more than once. I guess he's pulling teeth and too busy to visit? LOL!!