Selling 1 billion in stock to pay down on debt and to continue operations.
Borrowing 1.75 billion to continue operations.
I've seen Ponzi schemes with better foundations.
The company is diluting shares and increasing debt to stay in business. Not a strong business model. I'll be standing back until the stock establishes a bottom.
More like selling $200 M and they still owe $3.7 B from the call. No?
any bank taking their dept should knw pretty well that their foundation is strong ...