GREY:GABLF - Post by User
Comment by
Rc0gburnon Dec 08, 2020 2:22pm
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RE:RE:RE:RE:GARBAGE DEAL
RE:RE:RE:RE:GARBAGE DEALJimJim - Its a good question...Somehow Margot convinced Mankind to sell their business to GABY - utilizing this highly leveraged and dilutive structure.
From what I can see from reviewing the terms, its a great deal for Mankind, they sell the business, take $5mill Cash, Earn 10% on the $25million note, and if GABY defaults on the note I would assume they can take the business back.