Aug. 7 at 9:09 AM
$EVTL At these price levels, the dilution resulting from the secured financing is devastating; the lower the share price, the greater the number of shares that must be issued. For the lender, acquiring shares at such rock-bottom prices might actually be advantageous—if the price rises in the future, the potential return would be significantly higher. In contrast, direct competitors boast substantial cash positions and massive partners capable of supporting them along the way—advantages that are lacking here.
