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Wednesday, January 29, 2020 11:13:57 AM
Warrants are associated with a debt.
I wish I knew where this bit of common nonsense originated. It is wrong for two reasons:
1) The seniors aren't debt, they are equity.
2) The warrants are not associated with the seniors at all.
The seniors being "repaid" at 10% has nothing whatsoever to do with the warrants.
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