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Post# of 57854
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ME93

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ME93

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Re: DD_dempsey post# 50009

Friday, 09/24/2021 6:28:32 AM

Friday, September 24, 2021 6:28:32 AM

Post# of 57854
Great takeaways, Dempsey!

Reflecting on the 1.5m loan:

1.5m = This would have diluted the OS by > 10%. Instead, the announced loan agreement reflects lender confidence in SAPX’ management and plans by agreeing to recoup the loan from projected REVENUE.

6 months: implies major projects are IMMINENT.
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