He has become the only defendant in recent history to represent himself in a military capital-punishment case, raising potential appellate-court issues if he is convicted and sentenced to death.
Although the comments were warmly received in Western capitals, they raised potential political problems at home, as many Russians view NATO as the enemy.
What are the implications for capital raising?
In a recent note to investors, Stelmach wrote, "given Moody's affirmation, we do not believe the size of any potential capital raise is sufficient to dilute book value beyond the current stock price".
In a note to investors, Stelmach wrote, "given Moody's affirmation, we do not believe the size of any potential capital raise is sufficient to dilute book value beyond the current stock price".
On the other hand, he said he's excited about the JOBS Act's loosening of restrictions around general advertising, which creates an opportunity "for small businesses in particular to reach out to customers and supporters and inform them of a potential capital raise".
Earlier Monday, reports circulated with details of a potential $3 billion capital raise for Ambac, but there was little impact on shares.
And, over the long run, higher investment in human capital and infrastructure should raise potential growth sufficiently to pay off the debt, assuming that the quality of spending is high.
Bhatia added that the capital raise should lay to rest concern allowing investors to focus on the "upside potential inherent in the franchise and the compelling valuation".
Capital Raised: $1.5 million.
Capital raised: Undisclosed.
