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Alias Born | 05/01/2017 |
Thursday, October 19, 2017 12:56:54 PM
Overreaction to the line of credit by him tho.
They want to add vessels and such and instead of using convertible debt to fund their growth w 3rd parties, he's protecting himself by funding it himself.
Converting shares for himself when he already owns 85% of the OS wouldn't be very beneficial to him.
But diluting it to 3rd party could hurt him so that's why it's like that.
They been making their convertible debt payments w cash usually too. So no worries here
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