Flip at 5 for 20% isn't bad in this market. With everything that needs to be done to make the offering viable you probably have plenty of time. I have my doubts that this offering is even a serious effort since the narrative hasn't changed.
The Labrys debt deal was December 29th 2021 and none of the payment commitments were made not which resulted in the Labrys June note to cover that debt at a very nice premium. Now they are going spend much of 2023 dealing with this same debt with with much worse terms?
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