They may decide to raise capital primarily by debt-financing to avoid dilution, but if there is a stock issuance, the number of shares will not be that great if the current market price or a higher PPS is maintained. A problem arises if the PPS drops significantly because then a greater number of shares would have to be issued to raise the needed capital.
The company has different advisors for debt and equity financing. I'm sure they will settle on the combination that is most advantageous for its shareholders.
One thing is for sure: this is a steal at current levels. I am a conservative long term investor and my lowest expectation here is to see a price of $15 within eighteen months. Anything above that I would consider an extraordinary blessing.
It will be nice to average up for a change (buying into strength), instead of always averaging down as with AURC and NWOG, never knowing where the bottom is.
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