Khosla Is Going To Rip The Rug Underneath KIOR Shareholders When It Files For Bankruptcy
- KIOR is on life support, just surviving off Khosla's $5 million investment per month.
- KiOR needs $51.5 million more cash to survive this year, much more than Khosla's $20 million commitment.
- Khosla isn't buying KIOR stock, he's buying secured senior bonds.
- One can argue that KiOR is effectively going through bankruptcy right now, and Khosla is buying up the distressed assets with the secured bond buying.