Replies to post #141116 on DD Support Board and Research Team

[Monksdream]

Some little magazine with a small circulation is worth $11.2 million?

OK, then how was it bought?

With free cash or a promise note?

Or was that simply the price this Adam Levin created out of thin air?

I don't understand why the magazine wouldn't have found an underwriter to conduct a straight IPO.

But as I read about it, I think there is a lot of debt attached to this deal some way some how.

OK, so a lot of naive idiots pony up money for this crowd funding. And then this Adam Levin nixes the deal and all that money goes down the rat hole.