Realizing that Argonaut-Madrone would rather liquidate than throw good money after bad, Energy eventually gave in.
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Argonaut and Madrone could walk away in part because they had so little skin in the game.
But under the Energy term sheet, those warrants would then bounce back to the Argonaut-Madrone holding company if Solyndra became defunct.
That gave Argonaut-Madrone 99.9% control of the net operating losses.
Event production was handled by Madrone Studios.
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Missing from the document: what percentage of the hotel company the Pritzkers and its co-owners (Goldman and Madrone Capital Partners, a fund affiliated with the chairman of Wal-Mart Stores, together own 13% of the company) were planning to sell.
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