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Re: ae kusterer post# 587895

Friday, 04/21/2023 9:31:56 PM

Friday, April 21, 2023 9:31:56 PM

Post# of 719513
Don't disagree with any of these conjectures, AEK, but let's also admit that the company is under pretty extreme financial pressure right now, not the least of which is the latest loan from Streeterville Capital, and if even one or two of the steps you are suggesting does not come to pass, one of the three downside risk scenarios could occur:

1) Chapter 11 bankruptcy (reorganization)

2) Chapter 7 bankruptcy (liquidation at fire sale prices)

3) forced merger under undesirable terms of sale


While I appreciate your efforts to focus on the bright side, the upside, etc., a rational and mature investor must not lose sight of the downside risks to capital (IMHO).

--OJ
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