Chance is the only one who sold the toxic notes instead of closing on the $60 million in traditional financing he had in the bag. The toxic notes did not just show up on their own.
yes, indeed - an example i already cited: a shareholder friendly company would have done private placements instead of taking on toxic debt.
they may still run this, but i sense it will be after the in-crowd has loaded up the cheap shares. they get the ten-bagger, loyal shareholders might break even if lucky.
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