Correct me if I am wrong, but in order for a company to raise capital by issuing common stock - don't they have to be in good financial health?
It's my understanding that investment banks help companies issue stock by agreeing to buy any new shares issued at a set price if the public refuses to buy said stock at a certain minimum price.
Therefore, wouldn't DM and crew have to have a solid plan in place - especially in our current economic stance - before any bank would back EVFL?
I mean - to suggest that DM could roll out and issues himself another 200 MIL shares doesn't sound very plausible to me.
What is to say that they have not bought back his 200 mil and other select folk's shares so that they do not loose their arse in a R/S. They said up to 10 bil, never said from where.
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