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Friday, April 01, 2011 2:22:52 PM
Sophisticated investors offer death spirals because they see sufficient value to be happy if they end up as the controlling shareholder.
In a high risk field such as A.I. any savvy “investor” would gladly take complete control or liquidate if objectives, set by them, are not meet. IMHO Spencer knows this, and that is why his strategy is to acquire licensing rights to fund the production of Carebots.
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