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Thursday, August 18, 2022 11:11:21 AM
In part it was written poorly. Most of the debt I see they have on the books is at less than favorable terms & exceeds inventory on hand, which was the point I was attempting to make vis-à-vis valuation...
The new Series D shares sold, along with the additional 750m warrents for common stock, is not helpful either.
But aside from the Series D, which I don't believe can be termed "toxic financing" (or can it ... I'm no expert), I was incorrect in stating that the majority of the "toxic debt" $BRGO holds is "new".
That statement was my bad, and I am honestly not sure at this point why I phrased things that way. I assure everyone it wasn't purposeful.
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