Facility from alternative lender, Unprocessed Foods, LLC, an affiliate of the Ahimsa Foundation provides critical liquidity amidst broad corporate reorganization
thanks for the comment and engagement. it's a unique deal for sure and I am still curious about the source of funds. Recent bond to equity conversion significantly diluted the warrant stake but the 2.0x MOIC is (to me) the real carrot if the company can execute post debt conversion and eventually refinance or transact. This could be case of viable tech but before its time. There aren't any cows or chickens on Mars so if that's were we are going, producing alternative protein might actually be viable.
The warrants look nice!
Recently announced huge debt for equity conversion so likely heavily diluted.
thanks for the comment and engagement. it's a unique deal for sure and I am still curious about the source of funds. Recent bond to equity conversion significantly diluted the warrant stake but the 2.0x MOIC is (to me) the real carrot if the company can execute post debt conversion and eventually refinance or transact. This could be case of viable tech but before its time. There aren't any cows or chickens on Mars so if that's were we are going, producing alternative protein might actually be viable.