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27/03/20
17:17
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Originally posted by mmartin:
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"Despite the amendment announced on 16 March 2020, First Wall Street Capital Corp. has advised LNGL that it will not provide funds according to the terms of the legally binding Secured Convertible Note Subscription Deed." ================================================ IMO "First Wall Street Capital Corp" dropped out of the deal because they knew imo LNG9 had little chance of coming up with the cash to buy LNG, "First Wall Street Capital Corp" are in the business so they should know imo. "First Wall Street Capital Corp" would have lost all their money when imo LNG9 failed to raise the required funds to buy LNG.
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Exactly. Not the time to be taking big risks in finance. Doubt you would hear GV say that though.