RE:RE:RE:RE:AmazingThink what you want but the bonds are not the answer. Why does everyone always think everyone else is lying?
They gave the answer. Fluffs argument that they could have taken the extra cash out of future profits does not work because they are afraid of a covid shut down. Gibraltar is a mine that depends heavily on an efficient labor force. A covid shut down and next quarters cash turns into losses. That happens and the sp tanks, the cash position diminishes and Florence financing is in jeapardy. The Florence deal is critical right now. They cannot afford to get into a cash crisis.
I hated the PP. They could have at least offered it exclusively to present shareholders and saved the commission or something. The price of offering seemed extremely low, but the reasons were stated. I believe their reasons. Lie to investors and you end up with class action lawsuits.