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Re: Slimjim48 post# 42

Wednesday, 02/23/2022 7:12:40 PM

Wednesday, February 23, 2022 7:12:40 PM

Post# of 374
Slim, don't forget that we had MinervaWorks for most of 2020 (I think it was a March closing). It was revenue-producing for sure with 2021 and 2022 annual estimates at $3MM and $6MM respectively. Unfortunately, MinervaWorks and XALL were jointly hit with a complaint later in 2020. It finally resulted in XALL doing an acquisition transaction unwind in 2021 (meaning the deal was rescinded). I do privately held M&A in the $2-25MM lower middle market but thankfully have never been through an unwind. I previously posted quite a bit on the lawsuit and unwind.

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