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This article lacks the full details and as a result makes this more than it should be. The loan that is in “default” is only repayable out of the funds returned from certain investments, and many of those investments have not matured to a return.
Doesn’t Christopher Day, the CEO of Elevate… run Rally…which received the “loan” from Elevate? Why is this not included in this article?
This is the Rally of things we do not need.