Why does $FTCH need an immediate 500mil? Where does this figure come from?
A few funds chipping in 50-100mil each could be a way out.
I believe there’s potential in this business and this company is the best placed to make use of it. That’s why some of us, including the funds, invested in the first place. The current management has to go. YNAP deal has to happen.
And that’s the argument against bankruptcy being the best option.