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So I've got good news and bad news for Tides investors. The "good" news is that they aren't going to get the $69m of pref equity that would wipe out 88% of their equity. The bad news is that the investors will still get zeroed out. https://t.co/2cjtVOmmwO
I've got good news and bad news for Tides investors. The "good" news is that they aren't going to get the $69m of pref equity. The bad news is that the investors will still get zeroed out. https://t.co/2cjtVOmmwO
If Tides does end up getting the $69 million in preferred equity, original investors will lose on average 88% of their investment across the 30 deals they need to shore up. Terrible. https://t.co/fb4Zv0dABf
Tides Equities faces potential losses as it aims to secure $69 million in preferred equity, which could result in original investors losing 88% of their investment across 30 deals. Despite not reaching the preferred equity goal, investors may still face complete loss.