Clearly a problem with EK’s financing. My guess is if there is a deal at all it’s going to get reduced dramatically. If they leave debt behind the company is an insta-bankruptcy (IMHO) so paying off the senior debt for cash, giving Cyrus a few $M, and then Cyrus converting their junior debt to equity in order to wipe out the rest of the bagholders may be the result.
Bookman has tweeted some blockchain stuff recently so perhaps the little VAR and the shell that is left will pivot to a blockchain pump?
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