Wednesday, March 13, 2019 2:03:51 PM
The new potential investors tell AGP how many shares they'd be willing to buy at a particular price. It doesn't matter what Rory or AGP think it's worth.
Since any investor of any size will quickly realize that any investment they make in VRBB is essentially throwing them a life line without which they'll probably be out of business in a few months, they know they have leverage to get the best price possible.
If VRBB were 1/10th the value you think it is, this deal would be getting done through Goldman Sachs or other recognized tech underwriter.
Accept it for what it is, a speculative offering by a company that is dead in the water without the deal getting done.
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