"Cavico management mentioned on the road show that selling off partnership interests in real estate projects would be an alternative method of raising capital in lieu of attempting a PIPE or secondary offering in current market conditions and at current stock price. We also met with a few US REIT and real estate investment funds as part of this process to find new real estate partners."
reverses are never good. primarily because its more attractive to continue diluting thereafter than to stop. can't blame them. it doesn't hurt the company as much as it does the shareholder.
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