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Originally Posted by robko
Fair point on the loss, but lets face reality on the capital injection: there is no way in their wildest imagination that Kobo expected the phenomenal success/growth they've had which would have necessitated a need for capital way beyond what their original business plan would have called for.
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This is what I've seen. When articles were posted about the $50 million capital injection (I follow jafurtado on Twitter who links to all sorts of publishing and eReading articles) it was seen as a very good thing. An indication the company was growing and actively going after a market share in this very tight race.