🚨DD ALERT $NOVN 🚨 YOU DON'T WANT TO NOT READ THIS.

Not sure if everyone read the 8K Today. Let me break it down in MORE DETAILS and this is Bigger, at least I think so than I originally thought. See below what this really means.

— John @ The Rock Trading Co. (@The_RockTrading) July 17, 2020

They have effectively ended the lease today, they will forfeit $539,172 security deposit because of the termination. And they'll pay $60K additional in cash to end this $8.2M remaining lease payments. $NOVN pic.twitter.com/ff4FBielGq

— John @ The Rock Trading Co. (@The_RockTrading) July 17, 2020

BIG "The New Tenant and the Landlord entering into the New Tenant Lease was a condition precedent to the effectiveness of the termination of the Lease pursuant to the Termination Agreement, in connection with the termination of the Lease, the Landlord consented to the
Sublease. pic.twitter.com/D5Zz2Plr6y

— John @ The Rock Trading Co. (@The_RockTrading) July 17, 2020

Conclusion:
1. They're going to save a ton of money long term.
2. How and Most Importantly, WHOM did they find to take over their lease? Must be a decent size company to take over their lease.
3. Why are they subleasing only 10K Sq Feet?

Hmmmm… pic.twitter.com/5M4v6qYqJ4

— John @ The Rock Trading Co. (@The_RockTrading) July 17, 2020

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