RE: Weird "death spiral" clause?8 Feb 2021 17:32
a great deal to digest here,so just a small preliminary thought. i have been concerned for some time about the degree of influence/control that davis capital were going to have in light of the loan arrangement, which was perhaps not the healthiest of situations. although they will still have a considerable degree of influence etc, having another reasonably substantial party hopefully as a committed investor ,will i hope serve as a small antidote to any undesirable control from davis.i haven't digested the terms of the loan notes fully yet ,so there may be other ways of looking at it,but initially I'm not too displeased.