Wednesday, January 17, 2024 4:38:39 PM
IMO, the key to this one, assuming that they have a R/S is that the $5mil LOC / loan, is real. My guess is that it is real and they have plans as to how they want to use it.
Not too many people will give you $5mil unless you tell them what it will be used for.
They also are setting themselves up for a major payday, by taking stock, but they are taking a lot so we'll see what they do with that.
If we see them deploying that $5mil, then we'll know either 1) they conned someone out of $5mil, or 2) we'll see a ROI whether there is a R/S or not. IMO
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