I think the debt was there before the 50 million secured and I'm sure the people putting up the 50 million want to make profit on that money, not for it to be used to pay off debt. Biggest red flag to me right now is the fact they have secured 50 million but haven't even said how they are going to use it. If they truly have 50 million whoever is giving it isn't making money on it til it is put to use. How long would they be OK with their money sitting on the sideline?
No. The 50 milly may be available, but would have strings attached and be tied to an actual revenue deal. 3rd party. No way they got it sitting in the bank for things like company debt. Non issue....
Shorts of course will Never Understand. They just seek for ways to run down the stock BLINDLY. Throwing Red Flags everywhere and hollering foul when there isn't one.
The 50 Million is for the future endeavors that will bring the Millionaire's fortune, not pay for ANCIENT mistakes.