RE:Re 1 small positive Guys. You know I am long on this company and have been for a long time. But this last move is really disastrous IMO.
Simple question. If they had to sell 10% of the whole thing for $30 million, how much of Florence do they have to sell to build? Potential investors in Florence are in the wings right now. They are watching. They know what 10% got this company.
TKO cannot do more debt. They are leveraged too much already.