I haven't read the entire Midas letter, but the ex
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Posted On: 02/13/2021 10:40:58 AM
I haven't read the entire Midas letter, but the excerpt that you provided is a reasonable view of the situation with the Fife note.
It tends to assume the worst case of the note's terms and Fife's intentions, but I don't believe it is false.
A more optimistic view is that Fife and CYDY have done some renegotiating. Based on what we saw in November, December and early January SEC filings, we were expecting to see these $7.5 million conversions/repayments happening in January, February and March. Thus far, those SEC filings have not come as suspected.
Like the trial results, the Fife note activity seems to be buried in a cone of silence for now.
It tends to assume the worst case of the note's terms and Fife's intentions, but I don't believe it is false.
A more optimistic view is that Fife and CYDY have done some renegotiating. Based on what we saw in November, December and early January SEC filings, we were expecting to see these $7.5 million conversions/repayments happening in January, February and March. Thus far, those SEC filings have not come as suspected.
Like the trial results, the Fife note activity seems to be buried in a cone of silence for now.
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