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Renegades17

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Renegades17

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Thursday, 05/13/2021 3:30:16 PM

Thursday, May 13, 2021 3:30:16 PM

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It's a merchant bank, not a depository institution



It's not regulated like a depository institution. One should think of it being more like a private equity fund.

Book equity is still a reasonable way to think about valuing the company assuming assets are marked-to-market.

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