Regent missed a $1,269,125.73 payment to lenders, it was revealed yesterday.
Regent has been working with their lenders since last spring, but now the cash ran dry and Regent could neither pay any of the interest or principal due.
Regent also missed the payment of so-called professional fees and that has got to really irk their lenders. Don't mess with their fees.
What's interesting is that if Regent has been in default for nine months, it doesn't seem like the lenders want the company.
They may have no choice but to take it back, but if someone's not paying you in a timely fashion for that long and you're letting&hellip