Sunday, March 25, 2018 8:23:15 PM
In your scenario they are raising millions of dollars, but nowhere in the same ballpark as the $6.5 BILLION they need to get up and running.
In Spy’s scenario they would roll their 313 million commons into preferred shares, then issue and sell 313 million commons into the market after the merger is announced and the price skyrockets.
Do the math in this scenario... 313,000,000 x $20 = $6.26 BILLION!!!
They keep control of the company and they have all the money they need to finish the project and fulfill billions of dollars in contracts for many years to come. Everyone wins, and the only way business deals work is if everyone wins!
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