Dilution is insane with this offer. Litigation will also be a long drawn out process and most likely not yield any meaningful result. One of the best things about this company was the low SOI. Once the funds from this round are used up, then what? Where does the company go from there when additional funding is required? Another CR with further dilution.
Interested to see how it all plays out over the coming months, especially with strong turbulence ahead due to terrible macro conditions globally.
All the best to current holders.
15 bagger, page-66
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