The joint liquidators of the Stanford Development Company have given the owners of the Observer Media Group notice to move out of the building that they currently occupy.
Since 2012, the newspaper, radio stations, and printery have operated out of the building once owned by fraudster Allen Stanford.
However, CEO of the OMG Darren Derrick announced moments ago that he received a notice on Friday informing him that the company must move out within three months.
The notice to quit from the liquidators, read by Derrick on-air indicated that the building was sold.
OMG is to leave the building by October 31st but Derrick said “that’s a near impossibility” and intends to ask for an extension.
He said the news is not good for the company after it spent over 2 million dollars renovating the property.
Derrick said he made efforts to purchase the building but said the representative of the liquidators refused to communicate.
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