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Friday, September 13, 2013 8:56:43 AM
If the financing is going to be done by issuing ten times the current equity then that dilution will compound any depreciation caused by future misses.
In terms of the Vegas analogy the house has announced that they reserve the right to pay off bets at a dime for every dollar down on the table.
Have I misunderstood this? If so, someone please correct me.
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