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ELY raised 140 million of new capital in Q2 via a convertible preferred offering. At he end of Q2 they had 50 million of cash and no debt. At the end of Q3 they has 100 million of cash and no debt.
2 questions: Why did they raise so much new capital? Why is the dividend at .01 given that they are so over-capitlized post the preferred offering? Rating :
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