Respectfully, you and I have already had this discussion refer previous threads
Essentially it replaces the beed for capital funding AKA CR so instead of trading hard dilution for capital we trade it for a liability, which may be turned into hard dilution at premium in future state - good outcome IMO and no im not saying cash assets = cash debt, i’m talking practically for project funding and shareholder interest, not a balance sheet figure
Just IMO, you don’t have to agree, everyone has their own perspectives and strategy
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