"and par value being share price.... that is almost as funny as George Carlin was. Go AXCG" wait u mean I cant buy Facebook at their par value here is directly from fins Class A Common Stock $0.000006 par value 2,015,048,077 shares outstanding as of July 22, 2014 Class B Common Stock $0.000006 par value 585,003,514 shares outstanding as of July 22, 2014 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10109030 dam I thought I was going to be a Facebook tycoon, LOL
I agree. The fact he put down his own money to buy the debt he must expect that need to borrow more is over. And this thing will be running cash flow positive from here on in.
It wouldn't make any sense to buy the debt just to have the company need to borrow more money to continue operations. So those who have been predicting break even or better this quarter are likely correct.