RE:RE:Peak Positioning to finance BBTC buy of Baidu speakersQuite some time ago, there was some discussion about how ASFC could actually borrow as much as it held ( therefore an additional $20M ) from one of the huge banks in China ( at a lower interest rate than what it could then lend out at )...
TODAY ( without digging into the financials ), I think ASFC's loan capacity is pushing closer to $25M... Remember, many or most of its loans are short term, so there's been some degree of accumulation since starting with $20M in Spring 2018...
YES, that subsidiary continues to turn over fresh loans ( and therefore has mostly outstanding receiveables ), but as I understand it, the lending CAPACITY is the measure by which it can borrow against...
So if you're concerned that "raising additional capital" would mean another PP ( for example ) and further dilution, that would NOT be the method...
Anyhow, I imagine Peak themselves will clarify HOW in the near future... Wall Street Reporter did hint at another interview coming up with some further news to share ( "in a couple weeks or so" ), so perhaps that will be WHEN and WHERE we will learn more...