Wow that’s steep. Is that new language for Fife to add? MGT did a deal with him, but they didn’t give up the shares lol. It was a smart move on the CEO Robert Ladd’s part though, they ended up giving Fife less shares than he would have gotten according to terms of the note. The loan was for $3 or $4 million and the stock shot from $2-$8 back down to $2 within a couple of months, netting Fife between $20 and $28 million from his stock sales.
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