True, there's nothing worse than a company not running because investors think there will be an upcoming raise. Deg had 36m and still raised close to 100m in October. I'm okay with a big raise as it will be a prixe floor. The one thing that no-one had brought it is NST's roll in this.
1) Do they get involved with their stake or an increasing stake 2) Do Insto's snap this up with a bit of foresight of making them pay a buyers premium
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