Fair enough, the security they can offer will probably not be worth what they borrow!
Q- And just how many different types of “corporate bonds” are there? And how many different contracts can be written?
A- Lots of them.
In my opinion you are trying to simplistically sugar coat something that has the potential to be very toxic for retail shareholders. (Depending on the EXACT type of and contract detail of any bonds / notes that PDF may eventually come up with)
Fair enough, the security they can offer will probably not be...
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