lighthawk.....as much as I dislike seeing small public companies that I invest in incur outside debt, I'm inclined to agree with you, vis-a-vis debt financing......in this case....vs. more equity (shares)financing.
My reasons are as follows.
1)Current low interest rates
2)Need to set a ceiling on share count......send a firm message to MM's that dilution is over
3)Sends message to investors that future revenues are in place, given credit worthiness as determined by creditors
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