RE:RE:RE:RE:Interesting Situation ...drippingsnot wrote: That's what I'm thinking Kentucky ... at a 17% interest rate, Moksha8 is desperate.
Keep in mind too - the owners of Moksha8 is an equity firm and they should have access to cash. Doesn't seem to be the case, or they know the cash alone won't do it ... the business needs GUD's help.
Moksha8 CEO Joel Barlan said: “We are thrilled with this partnership. Moksha8 is entering a new era of growth, supported by both a talented team and significant product launches. Knight’s partnership provides the fuel for the expansion of our strategy to the next level.”
Moksha8’s majority shareholder, Montreux Equity Partners’ founder Daniel K Turner III said: “We view the Board collaboration as a crucial part of the agreement.
“Combining Moksha8’s deep market and commercial knowledge with Knight’s exceptional track record as a licensee and acquirer boosts Moksha8’s capabilities to new levels”.
Maybe Montreux realizes the past mistake they made in getting into Moksha8 and they need GUD to help them to get out of the mess. Converting Moksha8 shares into GUD ownership might prove a better direction for Montreux's equity investors (longer-term).
And now that Knight has grown into a LATAM force, Moksha8 might be worried about beeing steamrolled and prefer a combination.
Did you see Knight's observers on the board ? I didn't
https://www.moksha8.com/board-of-directors.html
https://www.globenewswire.com/news-release/2019/02/18/1733742/0/en/Knight-Signs-GUD-Bueno-Latin-American-Strategic-Funding-Deal-with-Moksha8.html