That makes no sense whatsoever and the statement "they are basically giving money to businesses" further above is highly misleading. The 'asset' is effectively worthless unless it has customer contracts, which it doesn't. DXN probably the only data centre business in the world that isn't seeing an increase in demand right now, which is a shame, they missed the window with all the delays. A cursory minute of desktop research will tell you how much demand there is from the cloud guys for DC space. Meanwhile back to what makes no sense and is misleading.. No bank on earth is lending new money to cash flow negative businesses with no revenue. They are deferring payments on existing loans to existing customers, because they have no other option, but they are absolutely not lending new money out where they do not have a contractual obligation to do so. It is new equity or oblivion for this one.
DXN Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
