Jul. 17 at 9:47 PM
$LAR there is really only one reasonable objection to this company, which is the
$260M in convertible notes due in January. We are far below the conversion price, so it’ll be paid in cash most likely. They’ve already secured
$130M in financing from ganfeng for it and I’d bet they have about
$130M in cash on their balance sheet at the end of Q2 with 2 more quarters to build more. If worst came to worst they could finance part of it, but I’m not sure they’ll need to.
