RE:RE:RE:RE:Cash all gone and dipping into debt?Sebraz"So you complain about a rights offer because its dilutive and now you're compaining that they've accepted a 100m credit facility to avoid dilution.
either cash or credit is a great way to grow the business through accretive acquisitions"
The issue is, the company is an unprofitable rollup with no FCF, about to go into a pile of debt instead of being diluted. Either way shareholders will be bagholders. The market has reacted to the news negatively today, because they need to borrow for the latest aquisitions and running low on cash because they have zero FCF.
As far as me being a moron, just look at the predictable rollercoaster chart over the past year. Who made money?
Don't worry about me. I do just fine.
Goodluck to you...