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Re: Starlost post# 167235

Monday, 02/19/2024 10:01:43 AM

Monday, February 19, 2024 10:01:43 AM

Post# of 172035
That's precisely why the deal may get reneged on March 15. GS is asking for 35% of a company where the founders probably own 51% due to original angel investors and additional equity financing to keep them going during the last few tough years for crypto and blockchain.

You can be sure that the original investors are looking to get out just as much as many here. It's not a forward moving scenario for anyone, in my opinion. In similar to someone handing a drowning individual a boulder rather than a float to rescue them.