Personalizit's reply to you said it best ...
... between the upfront fees YAGI gets , which really just means YAGI lends NEOM less money than is trumpeted , every time , and the money YAGI gets back via 'payments' NEOM has made to them , which is really just giving YAGI their money back , further lessening YAGI's real outlay ... and the constant converting/selling over the years , buying cheaper than you and I ever can by being able to go back in time and get 30-day-old prices less their discount and dumping at the prevailing PPS (they only convert when the 30-day spread is ripe for them to take advantage of) ... YAGI has recouped an awful lot of their 'risky' investment.
Don't forget the part where I said YAGI would like to sell the company , and my post allowed for that possibility. If an entity , at some point , thinks it would just be easier to buy NEOM and it's patents rather than worry about them at all , YAGI will be glad to sell NEOM and will take the lion's share of the "Success". If the patents turn out to be worth 'something' , YAGI will sell for a higher price and still take the lion's share of the "Success". Shareholders get the crumbs , if anything.
YAGI isn't in the business of financing winners. Their customers don't win. I went to a lot of trouble detailing those facts on the Cornell/Yorkville board.
I may be wrong as well , we've just got two different opinions on this perhaps. But history , SEC filings and facts bear out my opinion.
Good luck to us all.
jonesieHopingForARidiculousPopOneDay