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by yodon
1576 days ago
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Some years ago, I witnessed a situation where a predatory investor signed a contract with a firm which obligated the firm to immediately start meeting commitments without specifying the date by which the investor was obligated to provide the promised funds. The investor never transferred the funds to the company, using what they knew about the company's cash-flow situation to purposely drive the target company into bankruptcy to gain control of the company's assets (and past payment stream, but that's another story) in bankruptcy court using preferential terms guaranteed them in the contract. |
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