|Andas Goblin Squad Member|
Kevin Mack wrote:...the fact there still doing a capital raise after all this time...
The phrase "doing a capital raise" doesn't paint an accurate picture of the current state, as it suggests that they are still looking for people to give them money. The phrase they used was "finaliz[ing] a significant capital infusion into our company." They have people committed to give them money, and are in the process of dotting 'i's and crossing 't's to get that money into the bank.
This was a complex and slow process because there have been a lot of parties involved, some of them private, some of them not. Deals had to be negotiated between Party A and Party B, contingent on other deals between Party C and Party D, and so on. It has been in the works for many months, and as Erik Mona said the other day, it felt like Achilles' Paradox: every two weeks, we moved halfway to the finish line. But that's *almost* all behind us know, and, as "NewCorp" has said, they're starting to assemble a PFO team that is much larger—and far more well-funded—than Goblinworks ever was.
Thanks for the update.