If NWBO wanted to go that route, they would do the offering now instead of debt deals. It would be very inconvenient, but far more dilutive. I do not think the company wants that deal. This debt deal is favorable, and they have a friendly party willing to take debt or equity, debt being the safer option at this time anyway. But he has been doing these debt deals and some persons who are in this space prefer these kinds of deals as a way to preserve their capital and guaranty a return to their investors.
Again, it is a win/win.
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