MCG Capital expects to record $3.6M related to employee terminations in Q2

theflyonthewall.com

During Q2, the company expects to record $3.6M, or approximately 6c per share, related to employee terminations, including $2.5M of severance costs included in general and administrative expense and $1.1M of accelerated amortization of restricted stock included in employee compensation expense. In addition during Q3, the company expects to record $0.3M of additional general and administrative expense related to the Color Star Growers of Colorado litigation.

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