totally agree, blackrock could easily have a buyer lined up if/when lpe defaults which would wipe out all equity and get them their money back.
not sure more capital raises will be on the cards here as the chairman has already burnt his ‘friends’ pretty badly, and retail certainly won’t be pouring more money in.
just can’t work out the prior equity raise money being spent on a crypto mining centre when they are about to default?
calling the regulator archaic in a 4c, seems like getting in an excuse nice an early. Can’t see it being productive.
@madamswer@olderwiserany additional reading of the situation?
