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"Using borrowed money to expand a loss-making firm already nigh on £10m in debt into new offices in new area"

Perhaps it is actually about buying commercial real estate which can then be sold at a handsome profit with borrowed money? Or is it in the hope that investors will see all this activity and 7 chargeable hours a day recorded for every fee earner and buy shares? Personally, i think it is high risk and that the whole thing will come crashing down.