InvestorsHub Logo
Followers 90
Posts 8726
Boards Moderated 1
Alias Born 12/11/2011

Re: ecmoney post# 70878

Wednesday, 11/17/2021 2:03:45 PM

Wednesday, November 17, 2021 2:03:45 PM

Post# of 82878
First, this isn't a loan. It's a direct investment.

Second, At the time the deal was struck the discount for the $3.1 million tranche purchase was 30% with shares that will not be available until a registration statement goes effective by the SEC which can be 45-90 days.

I'm sure anyone investing that much capital without the ability to liquidate and take that much risk would think a 30% haircut is very fair.

These institutional investors are not loan sharks and rarely lose.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GMER News