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GeorgioD

08/07/19 3:22 PM

#4093 RE: Jeffster1 #4091

They weren't physically going to receive $200M from Wahana. It's a subscription that needs to be monetized aka collateral for a line of credit. The swift was approved meaning the money has been confirmed but there are fees involved 1-2%, which means if they're trying to get a LOC for $100M they'll have to pay $1-2MM in fees to the bank. This is why they reduced the initial amount down to $25M and will receive the money once the bank vetting process has been completed.

i agree, some of their statements have been very misleading but what i mentioned above is what's been going on.