Sadot Group Inc (SDOT)

[PURA VIDA]

I had eluded to this in a previous post - that - I believe that Sadot most likely needed this "CASH" fast to close/finish the deal on the Zambian farm. They were waiting on approval from the Zambian government to consummate the deal - and my GUESS - is - that the deal was approved and they needed CASH to finish up the purchase. We will see in a future 10Q if I am right - but there would have been no other reason to do such a STUPID thing as these warrants exercised for 25% under the current share price if CASH was not needed.

Read:

The purchase is expected to improve access to global credit facilities allowing for larger agri-commodity trades and expanded margin. Previously, Sadot had made a $5 million USD deposit on undeveloped farmland in Africa. That deposit has been applied to this purchase agreement as part of the all-cash transaction. The completion of the acquisition is contingent upon final Zambian governmental approval.

https://www.accesswire.com/756235/Muscle-Maker-Inc-Announces-Agreement-to-Purchase-Developed-Farmland-in-Zambia-for-85-Million-USD