Patricia denies having physical offices, confirms offer to customers to convert debt tokens to company shares
TechCabal | Ganiu Oloruntade - Oct 19, 2023
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  • Patricia denies having physical offices in Nigeria and operates with a fully remote structure.
  • The company lost $2 million to a hack and has faced skepticism from customers.
  • Patricia is asking users to convert debt tokens to shares as part of its fundraising and debt reorganization strategy.
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The skepticism and loss of funds experienced by Patricia raise concerns about the company's credibility and ability to protect customer assets. The decision to convert debt tokens to shares may be seen as a desperate attempt to raise funds and repay customers. However, the lack of transparency and the inability of customers to access their funds have further eroded trust.
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