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Given that $5 million is not that much in the heavy industry game, I'd like to know why they couldn't get the bridge loans. Like, that's not an unreasonable si
by lenerdenator 3mo ago
Given that $5 million is not that much in the heavy industry game, I'd like to know why they couldn't get the bridge loans.
Like, that's not an unreasonable size of loan for a regional expansion for medium-sized businesses; there should be some sort of lender interested in doing that for them.
- cyberax 3mo agoI suspect some shenanigans from investors. The bankruptcy also was handled in an unusual manner, not through a regular liquidation.
- fragmede 3mo agoThat's why, if you look at Fervo energy's makeup, and ask why do your have so many finance people, relative to the number of engineers; that's why. As a software developer, I have no idea how to get a $5 million bridge loan other than whatever ChatGPT could tell me. Meanwhile, a team of finance guys with domain expertise could have gotten them that $5 million.