RE:RE:RE:Inner Spirit IPO today epz wrote: No buyout/maturity but the debt is secured. Don't like that they are going for equity right off the hop. Makes it damn near impossible to accurately value a company when it holds so many equity positions in ill-liquid micro cap companies. I think we're a couple Q away from Lattice going to zero though so I guess that's easy to value.
I'm a little concerned that Solar Brokers is in a position where a secured line of credit comes with a 25% interest rate. But I admit that this might be a very naive point of view.
In any case, they certainly seem to like the Solar Brokers investment. Hope they're measuring the risk carefully. They've said that $1m is the "optimal" exposure to any company.
I'm curious to know what the deal flow really looks like. They claim that it's strong and there are a lot of opportunities, but they haven't made any new moves in a few months. It's a very small team so perhaps they're busy working on integration issues with Logiq.
No word (yet) on the Agnity deal closing. Been a while.