Well there is the issue. You are including the debt that was eliminated when they rescinded both those deals. It was a lot.
Characterizing that as “debt elimination” is a big stretch.
If they went out and bought a business one day with a $20 million sellers note and then the next day canceled the deal and the note…that is not really debt elimination.
That is why characterizing that entire $58 million as “debt elimination” misleading.
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