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The primary use of the proceeds from the IPO, the company says, is to pay off the nearly half billion dollars in debt on its books.

So they're only going to take money from new "investors" to pay off the old? Sounds like another Ponzi scheme to me.



Um, no? They're going to sell a part of their company to pay off their debts. But if you still don't see the difference just realize that they can only sell so many percent of their company until they have nothing left to sell and the company belongs to someone else.




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