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Frustratingly changed my mind on Emergent Capital. original post here.
I’m concerned about debt level / lack of liquidity and the fact the company has 9 months (approx) opex on hand. I wasnt right about my initial belief red falcon had liquidity available – I’d misread the statement.
There is an opportunity with the strategic alternatives process for this to do very well but re-reading this – the possibilities are not all are positive. It has also now been over 3 months – should have been done.
