Monday, February 19, 2024 11:37:21 AM
GS has no other choice but to stall GVSI until the industry gains more meaningful traction. Even if he convinces a couple of companies to give up 35% for $15m, you can expect the company owners will use the opportunity to cash out rather than invest in the company. Like many here they are looking for an exit too. They've also been spending the last two years watching paint dry.
I wouldn't be surprised if GS has placed a limit on the size of their exit based on his 'more cash' requirements for SRNW. His restrictions may become a sticking point for these companies to agree to their 'non-binding' LOI on March 15. I would expect a few counteroffers to follow before anything meaningful happens.
JMHO
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