That is exactly what I'm saying. They have enough shares in reserve to cover notes, dilution has finished. Of course they can start another round of funding and a new dilution plan but that hasn't been agreed yet as yet.
They have a non-convertible note at 3%..let that sink in for a while.
You think companies with no future get lent 20mm at 3% when base rates are 2.25%?
Tesla's last bond was issued at 5.3% when rates were a point lower.
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