Jul. 4 at 3:04 AM
$FAT really liking the TWNP trade looking through the fine print. Exchanged
$31M in receivables from TWNP for equity. Cleans up the balance sheet for both companies. Has a flywheel effect. TWNP off the hook for payables, FAT balance sheet got a bolt-on cheap TWNP equity. The ugly part is the
$75-100m equity raise target at
$TWNP by eoy.