Jan. 6 at 5:47 AM
$TRNR
Pursuant to the Final Netting Agreement, the Borrowers shall cause the Custodian (as defined in the Master Netting Agreement) to deliver to DWF 82,972,910 Tokens securing the Defaulted Notes. In addition, the Borrowers shall issue to DWF a Remainder Note in the amount of
$4.5 million (the “Remainder Note”) as payment in full of the remaining principal amount as a result of the Final Netting Agreement.
Looks to me like fet.ai provided the colatoral for the back stop agreement and was also a "borrower". This along with the
$4.5 million notes covered the debt. So now TRNR hold 32 million FET tokens and no debt/interest?
Can somone clarify. I've read all the filings. If this is the case its a massive win for trnr and huge failing for FET.
