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Day: March 30, 2021

March 30th – Game Over

By Adam DeermountIn Basis PointsPosted March 30, 2021

What I'm Reading Game Over: Massive crowdfunding sinkhole Prodigy Network has filed for Chapter 7 bankruptcy.  The company, which had raised a reported $690MM from investors was overleveraged and besieged by lawsuits when its founder died suddenly in May and investor communication ceased.  This is a tragic reminder of the...

Tags: Boise, Crowdfunding, Debt, Distress, Golf, Hospitality, Retail, WTF
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