LLEN - Howdy Michael and welcome, what was the PPS when you talked to Cleyton? The original plan, last year say, was to dilute - during summer of this year they were then talking about the PPS being too low to dilute (think it was $8 ish, dunno) and they would look at debt financing or some other way - now that it is near $12 they might change back to equity?
That said, I think debt financing is the way to go but wouldn't be surprised if equity got involved. If Cleyton re-iterated debt as they way to go I would be very pleased - it would be good for the entire CGS space.
rich
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