DEFAULT IS NOT IN OUR STARS, BUT IN OURSELVES: Part 24
- ) Mike Bacigalupo is a “creditor”.
2.) Bay Growth Alliance hasn’t been transparent: an $800,000 “interest-only loan” with quarterly interest payments would show the loan amount as the claim — unless the State Theatre paid some of the principal.
3.) Could this be the reason why the State Theatre did not issue financial reports for several years?
4) Total assets: $82,788.74; total liabilities: $1,618,405.31.
5) Repo man’s already taken the leased projector.
6) The DoubleTree Hotel was stiffed — just like Rick Springfield.
7) State Theatre’s 2023 gross revenue exceeded 2022…where did it go?
8) The average preschooler has more cash than the State Theatre.
9) The State Theatre has a “possible claim against former employee”.
10) The State Theatre paid that “former employee” $1,354.32 on December 20, 2023.
