Your opinion is very understandable, and I agree. Issuance of more shares to pay down the debt is only going to bury MOBL. The more shares issued, the more YAG just dumps them on the market and drives the price lower. Then it takes more and more shares. The shareholders end up with less and less equity in the company.
The major problem with this whole thing is, where's MOBL going to get the money to pay what they owe? From what I can see, the only place to get the money to pay down the debt (putting the dial-around aside for the moment), is the CLEC business.
If anyone else knows anywhere else the money can come from, I would certainly like to hear what it would be.
stockdoc