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Selett

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Selett

Re: uksausage post# 53973

Wednesday, 01/07/2015 2:10:41 PM

Wednesday, January 07, 2015 2:10:41 PM

Post# of 111920
In a vacuum/perfect world you are right. But right now cash is king and he needs it for inventory.

Let's say he used the company's cash to buy back the notes, great. But then what happens when he has to rebuild inventories with no money? He'd have to go take toxic funding somewhere and start the whole process over. he also knows that he'll be able to buy back cheap share b/c of the conversions.
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