It was made clear that the company would return approx 10% of revenue from Cannon to shareholders by way of a dividend. I guess the theory behind this was to reward shareholders and return capital, as well as differentiating the company from every other hopeful out there. This move didnt attract any new investment capital unfortunately.
In the end i think it cost Southern about $700k.
It was made clear that the company would return approx 10% of...
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