03-11-2023, 03:13 PM
(03-11-2023, 02:58 PM)Au165 Wrote: The answer is because we need cash more than we need cap right now. The cash required for these big extensions is harder to have on hand than the cap to pull it off. Those restructures require cash and while the “Mike brown is greedy” narrative sounds fun the reality is they need to hoard cash right now because they have to put all the guaranteed money for these large deals in escrow.
Well said.
