DM is making out here, but they have put up $40M of credit for 6-7 years, right? I know that seems like a small amount, but it is a lot of money.
Indeed but they already have got that money back by the 8c dilution they have already carried out and the principal and most of the interest has not been touched so they are sitting pretty. The repricing of those 26c options into 8c options was fundamentally unfair and unjustified and will be an overhang for this stock for years to come. You really should not be at 80c which is half the peaks when you was close to cargo certification.
They have helped us, but now is the time to get rid of them. We have enough of a track record to most likely get a better deal.
Yes, the management need to step up, stop being tone-deaf and sort out this most egregious issue.
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