I’m trying to be as real as I can be here. This remains a very good shell. The owners are still very connected. There is still amazing opportunity here. It’s just going to take some more time. Nobody expected that. We don’t know why they chose to alter course.
There’s a lot of good reading out there around why custodianships, mergers, and SPAC’s are having problems in today’s market and why companies would want to back out of going public right now to pursue alternative private sources for raising capital.
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