They never said they had funding and then they didn’t. They had a commitment for the PO funding but they never said the deal was completed.
The only roadblock to the deal is an agreement between Benefactor and Blackwater.
Benefactor have security over the receivables and Blackwater are happy to be subordinated to this (mezzanine finance is generally subordinated).
So I really don’t see any issues.
Bodgers, Lindo, Rodhuss, or any large holders, is that your understanding too?
They never said they had funding and then they didn’t. They had...
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