They already can borrow at a reasonable rate and don't need dilution to pay bills. Also, if you read PRs from that time period, you will see the picture where we are today. It paints a pretty picture.
Dror Svorai, President and CEO, added, "We are paying down old debt to prevent the issuance of additional shares of the Company from the conversion of this debt which can only result in the further dilution of our common stock." He added, "We regard this reduction as being good news for our shareholders. Clearly it also benefits the Company since it will help us improve our financial strength. In order to pay off this convertible debt, the Company borrowed funds at a reasonable interest rate on terms that do not include any conversion rights of debt to equity, or in any way require the issuance of equity, options or warrants by the Company."
News 
Market Data 
Discover 
AI
