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Re: None

Wednesday, 02/07/2024 11:12:24 AM

Wednesday, February 07, 2024 11:12:24 AM

Post# of 172211
So re-reading this…


Under the terms of the LOI, GVSI will raise $15 million on a “best-efforts” basis for investment in the LLC, in exchange for 35% equity membership in the LLC. Potential GVSI investors have already been identified by the LLC, which has previously and privately raised $9 million under a $30 million valuation

What the hell is a “best efforts” basis lol?