However, we (WLSA) invested a significant amount of cash for NLI stock and had owned a sizeable percentage (14%) of NLI..... upwards of $2M for that. Now our ownership is likely in the 5% range. Remember when our shares were supposed to be bought for $0.60 per share? We bought them at $0.40/share.
I don't feel great about this dilution......... sorry.
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