They do have cash, they’ve been paying notes with cash. The bull of the dilution has come from the old notes that were out of Billys control. Go fine tooth comb through S-1 and filings and you’ll see. The new restructure is simply taking risk off the table of default to preserve their cash on hand likely to continue operations and/or seek an acquisition. The negotiation and the company who agreed have a reason, if the company didn’t have a plan they wouldn’t restructure. They’d get their money now…
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