Tic, tic, tic...countdown has started. In 15 months FCC owns the company. The total principal of over $30mm is due and payable on June 30, 2013. Full Circle will own the whole deal since it is fully secured with all of the assets.
Don't know why Ordway is there since there is a default provision on the FCC loan if anyone acquires more than 50%...which blocks out anyone acquiring the company without making peace with lender. Why should lender allow someone else to continue with this when he can own the whole company?