Origo Acquisition Corp. (OACQ)

[LJ Silver]

There are a number of other rumors Levin wants to dispute, starting with that debt question that led to concerns about how he would pay for the next iteration of the brands.

“The acquisition of High Times was structured as a leveraged buyout that provided the sellers convertible debt that converts upon the IPO, which is expected to happen in the near future,” Levin says. “Pride has no convertible debt and the capital structure is very clean and simple.”

Additionally, WWD reported that conservative Republican billionaire investor Ken Fisher was deeply involved in Pride Media. “Possibly in an attempt to bridge the gap between a major turnover in staff and a public filing, it seems that Pride, while only a year into its existence, has taken on another outside investor in Fisher Capital, operated by the billionaire Kenneth Fisher. The firm recently added the company to its list of investments without disclosing the amount of its stake and Pride declined to comment,” WWD reported.

Not so, says Pride Media Board Chair Adam Levin. “A majority of the board are members of the LGBT community,” he says. He added that the rumor that right-wing Republican billionaire Ken Fisher is 40 percent investor is inaccurate. “I do not know Ken Fisher,” Levin says. “There are members of the Fischer family who are shareholders” but they are no relation to Ken Fisher.

https://www.losangelesblade.com/2018/11/16/the-advocate-outs-straight-owner-disputes-inaccurate-rumors/