debt is further dilution as it increases the EV. EV = market cap + debt + minority interests (WBT) - cash
interesting they are looking at debt - interest payable on a commercial line with this kind of risk is likely to be +7% I would think. though not a space i know very well anymore
must be a lot of confidence in LIFX lifting its delivereds
Ann: Acquisition of LIFX and Share Placement, page-51
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