“This delay principally relates to the Company’s ongoing negotiations of potentially material transactions with its lenders to restructure or refinance certain financing agreements in order improve the Company’s financial position, and for the Company to be able to continue as a going concern for at least the next 12 months,” Stronghold wrote. “Management’s efforts related to negotiating the potential debt restructuring transactions and evaluating the Company’s financial position, including its liquidity position, have required a significant amount of management’s time and other Company resources that normally would be devoted to the preparation of the Quarterly Report and related matters.”
Related posts
-
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed... -
Phoenix BCH Miner Elevates Hashrate to New Highs, Raising Concerns Within the Community
The rise in hashrate allocated by unknown miner Phoenix... -
Bitcoin $110,000 Target Holds, Breaking These Key Levels Crucial To Avoid Crash
Bitcoin (BTC) experienced a significant drop, reaching as low as $56,700 on Thursday. This price level...