Anyone have any editorials on this? After looki
Post# of 36537
After looking it over for a while, it seems like exactly what Joe indicated on the last call.
I like the 5% max holdings, especially if these guys turn out to be sharks. And the fact that there are 2 of them may afford Joe some flexibility on availability of funds. If one is near the 5% cap, Joe can put some shares to the other, while the first divests some shares. Repeat.
And I like that the investors would presumably be on the same side of the SP as we are. A higher price gives them a better exit value for shares, and a higher price gives their 8% discount a larger $ value.
Anyone see any major flags or holes?
So far, I'm giving Joe a thumbs up on this, assuming the approvals come thru.
Now we need some NGIO capital plan info to drive the price up and bring the cost of these funds down.