Tuesday, April 17, 2018 2:01:03 AM
People don't want to hear that, but if Mexus were to bring in someone better than MarMar (which is pretty much anyone) for less than the 50% split (which would be a non-dilutive way to fund the work) then he has a good point.
If the goal after realizing MarMar was a bad partner choice was to get out of that partnership (and it absolutely should have been the goal at that point), then it was in fact a good move.
What would the better option have been? To stay with a bad partner who doesn't have the money to do the job and owe them 50% for work they're not doing?
Of course not.
Once they realized MarMar was a bad partner, the goal should have been to get out.
And they did.
The PR was poorly worded as usual but this as positive news all things considered. We knew MarMar wasn't doing the job. Staying in that arrangement made zero sense.
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