Except that doesn’t fly does it. Emergency capital raise and forced conversion of $10m of debt to equity can not have lipstick applied and be rebadged as “good signs” ie lipstick on the pig analogy for those of you wonder wtf I’m on about.
Paying down debt while maintaining positive cashflow they are not my friend, even if you add a bit of foundation and mascara, there’s not enough lipstick in the world to disguise this little piggy.
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