The sad take is this conversation. How a fortunate few are able to modestly flip fortunate buys and timing. LOL. How far this has fallen through the inability of this company to manage its debt which deteriorates every quarter. It was fairly clear to me at the beginning of the year that this story was done in terms of their ability to service their debt with equity. Now they are playing their last card by selling their future earnings at a discount every quarter. They have already waited too long and now they struggle to create a new narrative from which to sell the offering. I doubt they split until they get their collective Sh!t together and by then I'm thinking Leonite will be running the show for real.
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