I was in talks with shareholders, other than Mike, that represented about 60% percent together of Game Gavel. The magazine is apparently in debt, for many reasons that I was never really made clear of.
From my understanding there is more than one contract in play here.
I talked with these shareholders about the situation the mag was in as far as debt the most. Mainly I wanted to know how it got that way.
Talks went cold as a lot of paperwork was never revealed and at the end of March I dropped out of the discussion.
Mike was never involved, and never knew I was talking with the shareholders that I was. From my understanding, Mike holds less than 50% of the shares of Game Gavel.
Edit to correct: my apologies, they hold 60% of the mag. I am not sure of their investment in GG itself. There are three shareholders in the mag and over 10 in GG itself from what I understand.