Where is leadership? No updates lately.
4 replies (most recent on top)
Don’t think Elon needs another dumpster fire.
I agree with Chef Boyardee, the shareholders down own the company. The people who hold $1B+ in long term debt on the EDX acquisition own the company. They have no incentive to change the terms of the debt, they can just hold, wait for the company to die, and in bankruptcy proceedings take the EDX asset and move on. No harm no foul. Why in the world would they care about refinancing it so these id--ts could keep control.
Best thing we can hope for is a buy out from Elon Musk, on the premise that the EDX brand would fit nicely into the X brand and extend X's platform into education.
Banks will wait until the absolute last minute, take control of the company. They have no incentive to bail the company out when it needs it, how it needs it, on its terms. Better for them to wait until the absolute last possible minute and take the lion share of the companies equity and put their own staff in place. Everything you have been told is a lie. Executives know this, and know when it happens their job = over. Rats Eat Rats on ship.
Watch this video to understand better: https://www.youtube.com/watch?v=g9d3DfDWsEE