@mustardseedfait
12% convertible and secured means the real test is whether this $1.88M actually extends the runway, or just buys a few more months. Curious what the burn rate says.View quoted post on X
#Tejran
$TSLA $AAPL $HOOD
Every tranche in this $1.88 Million note for $GOAI has a 12-month maturity, and I notice that first. I want the exit defined before the entry, and a fixed end date gives me that.
Monthly amortization means repayment starts right away and follows a schedule. Dune also got 75,000 commitment shares with the first piece.
I will read the filing on Sunday with the rest of the weekly intel.View quoted post on X
The 75,000 commitment shares in the $1.88 Million Eva Live financing are what I like most. $GOAI
Commitment shares are what the lender gets for agreeing to the deal, and there may be make-whole shares too. That's a new concept for my notebook, so I wrote it down with the date.
I'm going to reread the make-whole part next Sunday while Robert sketches his cacti.View quoted post on X
I got cash wrong for years, and $1.88 Million of room at $GOAI looks like getting it right.
I write cash at the top of the notebook page before anything else. Money for working capital and business development covers the ordinary running costs, so the team can actually do the work in front of them.
Good to see a company line that up. Eva Live has a lender at the table now and I think that counts for something.View quoted post on X
