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clock Created with Sketch. 05/09/23
18:19
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Originally posted by doctornoh:
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EOS was hardly in any position to negotiate. The loan terms represent this kind of loan provided to a Company with negative profits and bleeding cash left right and center and without hard assets to provide security. The terms ultimately reflect the bargaining position of the parties, and it was actually perhaps a break that Soul Patts was a shareholder who was willing to take on the risk and had this sort of capital to deploy.
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It could only be a coincidence that Soul Pattinson invested in eos in June 22 and agree to loan EOS in Sept 22.
(20min delay)