Well Tom Eight Capital today has a massive paper loss on their investment. If you think they're thrilled that their investment is worth about a quarter of what they paid for it and they watched their warrants expire worthless you're not paying great attention. Eight Cap's investment will be worth even less if InMed secures a new financing deal at today's SP. Averaging down in the face of new financing would be a very amateur move, but good luck w/that.
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