Per my earlier comment, the liquidation preference thing is just completely inaccurate. And the ~50% growth rate comment is just so insanely inaccurate I'm not even sure how to respond. (do have a look at this, though: https://twitter.com/paulg/status/403183731449413632)
I/we don't hate Pando. I just think the narrative around this article when it was posted this morning glossed over the legitimate facts the company faces.
As I wrote to Patrick above, they've been fundraising and having M&A talks over the last 6+ mo, meaning their numbers are "out there." The figures we reported may be outdated, something that we acknowledged, but I find it extremely difficult to believe that they're wildly inaccurate for the timeframe.
I/we don't hate Pando. I just think the narrative around this article when it was posted this morning glossed over the legitimate facts the company faces.