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Posted On: 04/05/2019 10:18:08 PM
Post# of 36549
I just don’t like the structure that much. When the PR came out a week ago saying they renegotiated the Veneto deal and saves us $15M, there was no mention of the 5.5M shares of NGIO. Nor the guarantee of $2.50/share by 6/15/20. The original PR should have contained those facts as well. Veneto is costing more than was expected IMO. Probably that is one of the reasons the Brooks guy is gone.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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