Not hard to work out what the "numerous alternatives TO EQUITY ISSUES" would be that PS refers to.
"Proximity to revenues" opens up the option of debt financing (it's got to be either debt or equity and PS's email is clearly referring to non-equity options) and there are many forms that it could take.
Although he doesn't specifically spell it out, that to me signalled that ACL favoured debt.
Me too. Non-diluting and revenues would easily cover interest/pay-back.
Even a hybrid security would work.
Not hard to work out what the "numerous alternatives TO EQUITY...
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