Hi ozwire,
No, Porter won't be 'coughing up funds,' the $11m liability SDL has to Porter would be reduced by whatever amount of rights Porter takes up.
As baukaw has stated, the net result either way is $5m cash to SDL + the $11m Porter liability being discharged.
Cheers!
Hi ozwire, No, Porter won't be 'coughing up funds,' the $11m...
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