Assuming the VRNG shareholders approve the merger with Innovate/Protect, then COIN will have shares worth a fair number of millions. Selling those shares, or transferring some of them to Iroquois Capital would pay off the current debt held by Iroquois, which would mean that the threat of dilution of the current outstanding notes would be removed.
COIN conceivably could make enough cash from the VRNG shares that they could operate from cash on hand for long enough to enable them to develop their other businesses.
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