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Re: Demolition Man post# 105110

Monday, 11/27/2023 2:52:04 PM

Monday, November 27, 2023 2:52:04 PM

Post# of 113696
A "shelf" does not mean that there is an investor ready to put up funds. Many people here think that the $200 million was/is literally sitting on a shelf waiting for Mark to pick it up at his leisure. The shelf prospectus filing is entirely just regulatory - it just gives you options when you decide to the pull the trigger on a financing; in short, it can make things easier in terms of the regulatory filings, but it has nothing to do with real funds. For clarity: THERE IS NO $200 MILLION. There is no money at all; in fact, it would have cost them funds to get all the paperwork done.

One more time - THERE IS NO $200 MILLION.
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