They are doctors? Theres an old running joke that some of the dumbest people (not all) out there are doctors when you get them talking about anything other than their craft. Ive seen dozens of these deals in pennies, and run my own business as well, so ive dealt with banks and loan terms and such.
YAGI got beyond a sweet deal. SVFC thinks they are because now they have breathing room, can prolly get debt free, and without ponying up any firm money. investors will be paying back the agreement instead of the company. If i were YAGI id be converting like crazy. They are going to be buying shares at a fraction of the current price the whole time. Its all but certain they make MILLIONS on this when it could have been going into SVFCs coffers. If the share price blows past a penny then its a guarantee. 400milly heading into the float, when it could have been half that if SVFC sold shares at .01, so on and so forth. Just awful. Should hve released the Andrews news and watched it for a couple days, THEN made a deal if volume dried up as well as a low PPS. But its been trending UP.
I wonder how their financial advisor gets compensated. My commercial real estate broker typically always got paid by the other party, the owner of the property. If their advisors are getting paid at all by YAGI based on the terms of the deal then they are making out like bandits too...id expect thatd be a conflict of interest but something is jacked up about this. Perhaps they get paid based on getting deals done...at the surface the pros are certainly there in lamens terms, but delving deeper its a hot mess.
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