The only concern is if SP3 has to raise cheaply and we get diluted if we're not offered any of the placement. That was the difference with DTL. There was no chance of a cap raise as they were cash flow positive when they were $4.5M valuation. That was the no brainer of a lifetime.
I'll be annoyed if SP3 through PAC do raise cheaply but I would imagine any raise would also be offered to everyone ("IF" they raise cheaply).
The only concern is if SP3 has to raise cheaply and we get...
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