SAS still has capacity for at least 2 more Credit Raises. This has been approved already.
I listened to the conference, I participated in it and it was my question that he answered. Yes all options are on the table but CRs were the route that SAS chose from the outset. Considering that only about $35 million has been raised to date and another $115,000,000 plus to go, there will be a mixture of CRs and Loans. At minimum at least two more CRs for $65,0000,000 combined.
And let me say this, there is nothing wrong with doing a CR. As long as the SP appreciates between CRs.
Only one of us is in fairyland. Based on track record regarding CRs you have been wrong so far. Stop ramping.
P.S if it pleases you I have topped up. 1.5% now, pretty savvy if you ask me.
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