We'll see. I don't think things have changed that much from Aug, other than what month it is, and how big it is.
The lenders would not benefit from a rs if their allotment of shares is calculated at the time of funding; and they would benefit from a buyback, as it would give them a larger percentage of the company.... all of this of course assumes that there is value in the acquisitions and adequate cash flow from operations to not have to return to the equity markets.