@MayorPete11@TelegraphDucker those 2 extracts distinguish debt and equity from subsidies. Once debt is raised or equity is issued, cash proceeds become "liquidity" of Etihad.
Subsidies in this sense, are gifts & the funder gets nothing. Equity is dilutive and shareholder loans &repayable. Neither subsidies
@SW6lueX@TelegraphDucker those 2 extracts distinguish debt and equity from subsidies. Once debt is raised or equity is issued, cash proceeds become "liquidity" of Etihad.
Subsidies in this sense, are gifts & the funder gets nothing. Equity is dilutive and shareholder loans &repayable. Neither subsidies
@steviemac2010@TelegraphDucker those 2 extracts distinguish debt and equity from subsidies. Once debt is raised or equity is issued, cash proceeds become "liquidity" of Etihad.
Subsidies in this sense, are gifts & the funder gets nothing. Equity is dilutive and shareholder loans &repayable. Neither subsidies
@Waldo_xtc@themagic_tophat They already have them. And that’s it.
Remittances of actual bank transfers with bank statements is hard evidence. Emails are simply not. We both know that.