Good points and discussion rocket & MD. Jesup-Lamont, having already funded about $8M and knowing that the $8M gets paid back in LTC shares at 50% of the IPO price, J-L's bridge is likely to be just a few $100k, enough to meet current cash-flow requirements to achieve an aggressive business plan, which would include an IPO later this year. I do like your suggestion that J-L provide a $10M bridge and then do a larger IPO 2 or 3 years down the road, but I doubt J-L prefers that option.
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