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Sunday, August 18, 2024 9:46:51 PM
It artificially suppresses the share price and over time this debt gets written down simply by transferring a portion of the royalty to the creditor without drawdown from cash on hand
That is one way to look at it. Another way is to say that the cash drain will be significantly larger than the reported loss since some reported receipts will be used to pay the "debt." The hope is that additional revenue will come before the cash runs out. TWT.
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