Absolutely. Dilution is completely normal for an early growth company. I have no problem with it at all. You’ll have to look back further. They borrowed a chunk of money and the debt holders can and will convert the bonds into shares. The company has expanded very rapidly. A year ago they had one store. Now they have 150 and will open 50 more by the end of 2019. Plus, they are in hundreds of national retailers, with DSW, Abercrombie, American Eagle. Something like 500 of those locations.
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