I think that "Dangerous" has it pretty much correct. Fife
I think that "Dangerous" has it pretty much correct. Fife has been both friend and foe for many, many years now. Usually a lender holds the cards. But, he lent us so much money, we ended up with leverage.
We now need each other. If he pushes us too hard (demanding full repayment), we go broke and he gets nothing. So, he keeps re-structuring the deal. $1 million a month in shares seems onerous, but it really isn't going to kill momentum. He definitely sells just about all of his shares and it keeps pressure on the price. But, Fife is smart and doesn't kill the price. Not good for either of us. When the data is finally great, the price (and volume) goes way up and we can raise money to pay him off. Or, we stay the course and issue him fewer shares each month.
This isn't all that different from Samsung. Once again, we got out ahead of ourselves. They could have forced us to go under, but never would have been repaid. So, they eventually relieved the pressure and agreed to a long term plan, where they win when we win.
Our debts with Fife and Samsung are big, but not in the grand scheme of things. Basically, we are in the same shoes with them.....waiting on data and feeling better about the prospects each week.
To Cardamine: We don't really need "to get out from under it." It isn't all that bad. We just need to stay the course and produce the results.
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