I'm 99.99% certain you are incorrect. If you go back and listen to the last two conference calls you will see what I mean. The recurring revenue from generation is positive cash flow. What you are speaking of is common and was done for the bank's own peace of mind and giving that large of a loan
Buried in the release was Few's loss for words of explanation... And happy-talk. The crazed word wizards are certainly tumbling this every way possible for a positive spin. Investors detest over-compensation sandwiched between poor judgement and performance failures.
Investment turned flier for now, that will turn-up at some point for shorts and traders to profit from and enjoy.
I'm uncertain what the end game is now but one things for sure: It wasn't the plan they had in mind before prop 5 was rejected. They're clearly FLOUNDERING and pulling back on growth. How far further back does this action take them? I'm 99.99% sure there is no plan.