Isn't $600k on $10mill an instant 6% earner. No one here can get...

Isn't $600k on $10mill an instant 6% earner. No one here can get that kind of interest on their money - and these guys are happy to just give it??

If you don't want more debt then why feed the sharks even more.

Massive dilution in an ever increasing pie - our slice gets smaller and at lowered price points - someone benefits but not the retail holder.

If JAT is making money which should increase with the expanded facility, then it already has grown - repay debt from the cash flows over the next few quarters, build more cash thereafter and then fund further expansion without debt. Gut feeling they're not getting sufficient product sold hence will raise funds.

This desire to expand at whatever cost reminds me of teenagers that want lots of things and want them yesterday. Sorry, but I strongly disagree on this move and they won't get my vote.