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Replies to #148 on Toxic Funders
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JT1962

05/05/23 5:43 PM

#149 RE: nodummy #148

GPLVentures is now GenCap Management run by both Alexander Dillon and Cosmin Panait from GPL and Blackbridge, so it looks like the 2nd name change they had to do, now on their 3rd fund since the SEC prosecuted them and cancelled their investments. Wonder how this 3rd time is going to work out.
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1manband

05/05/23 8:03 PM

#154 RE: nodummy #148

It sounds positive, but scanning that list, I notice a lot of companies are long out of business and their shares no longer trade. I would guess it is likely that is true of most of those notes, which is why GPL was still holding them - they can't be converted and the common shares sold.

Which means the cancellation and/or return of those notes is essentially meaningless.