Thursday, March 23, 2017 12:43:02 PM
My hope is they’ll survive by growth. The pipe financing was desperation, The boilerplate you cite about the warrants is above my paygrade. They are the “free money kicker” in the deal. Sabby is a shark. As long as they are comfortable, Adnas lives. If they smell blood it’s over. If Sabby “disposes” of the warrants, it is their way of throwing in the towel.
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