"Under the terms of acquisition, half the purchase price was paid in the form of shares of U.S. Dry Cleaning common stock valued at $1.50 per share. The remaining was paid in a combination of cash and notes, which are convertible into USDC stock at $2.50 per share."
Why would anyone agree to a sale where they only receive stock valued at 1.50 a share and notes convertible at 2.50 and some cash?
"Luck is the card you wish for,the card somebody else holds. You learn luck by its absence. Luck is what separates you from what you want. Luck is always turning its back and you lose."