- Dec 13, 2007
So low on cash at this point. Last year they did their raise with another quarters plus worth of cash still in the kitty. And that was in a low interest rate environment when financing was flowing like water not wine. This year is a rising interest rate environment which is very unfriendly, they spent 3 weeks in the 50's and yet they didn't pull the trigger? Even if the best deal they had was technically underwater they still would have done it based on how close they were to times up... this timing is strange based on their past and their personalities.