Why would a public firm be interested in non-dilutive financing?
Just look at some financial statements from listed companies of your choice. They all rely on long-term debt to finance long-term expansion. Key to a balanced asset-liability management.
I understand both sides. Being that Bravada is a public company they choose to finance through their shareholders to raise money. Bravada chooses to put the company ownership in the hands of investors rather than handing the ownership and debts to the banks or other financial institutions. After hearing DA on the conference calls, he does not seem to put to much faith in the current economic financial institutions. I am not defending or apposing anyone’s choice of financing there company as long as they are seeing positive revenue as a result of those finances.