Monday, April 08, 2024 9:39:03 AM
My guess this may have been the likely destination of a fair chunk of DECN cumulative investor losses over the years...
https://theactivistinc.medium.com/alpha-capital-anstalt-8c8dff4f1351
I am not suggesting that there I anything illegal about lending lending at punitive interest rates to distressed companies - which is what Alpha seem to do... vulture cpaitalism is just that!
But Alpha Capital Anstalt do seem to have some quite close links to LH Financial Services corp.
And Arie Rabinowitz of LH wrote this touching character reference to the judge for our dear keith....for the sentencing hearing.
https://storage.courtlistener.com/recap/gov.uscourts.dcd.225086/gov.uscourts.dcd.225086.195.4.pdf
I guess its the least he could do, given how profitable all those loans (and interest repaid, and shares converted) that alpha advanced DECNs way might conceivably have turned out to be over the years?
I have no information beyond what is in DECN's published accounts to go on here (and who knows what can be made of those....)... and I am sure that some 'paper' losses will have gone the way of DECN lenders....
But it would also not surprise me at all if it turned out that these guys were 'net' substantially in the black when the music stopped.
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