Aiming4- My question wasn't about the timing, which seems very poor in itself.
It was about the vehicle for the financing; ie., WMG was promoting the idea of taking on debt vs. a PIPE in order to avoid further dilution.
I'm just wondering why he apparently no longer favors the debt idea.
Re what seems like atrocious timing of this, I'm hoping it doesn't portend the dreaded in-license of some BP reject crappy compound, as in "We found a dream compound and had to act fast", etc.