CAVU Resources Inc (CAVR)

[jlee3]

Believe new CEO mentioned during shareholder call that company is working with investment bank Dragonfly Capital to secure debt financing / utilize leverage to acquire these companies on minimally dilutive terms.

IMO, it is a smart move not using equity at this time—ex: $5,000,000 would result in over 100M shares of dilution at current PPS. Additionally, it will likely require a good bit more than $5,000,000 to acquire all of the companies that will result in $50+ million in revenue and $6+ million in EBITDA.

When PPS is much higher ($0.25/$0.50/$1.00) , using equity would make more sense.