"They haven't invested anything, they have no money to invest! They conned some DSLAM provider to provide the finance for them."
It is well known that some small businessmen, with backgrounds of multiple business failures over several decades, would not be able to "con" any respectable business enterprise into extending them credit, and would be constrained to delaying payments in order to create the impression of profits, but audited public companies are in a different league.
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