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4) Mike is the founder and sole director of PayTech Company Limited (PayTech), a private company limited by shares. PayTech is ve years old and
4) Mike is the founder and sole director of PayTech Company Limited ("PayTech"), a private company limited by shares. PayTech is ve years old and has grown rapidly. It has hundreds of millions of users around the world. Mike asks for your advice about possible financing options for PayTech to help fuel its next stage of growth. After reviewing PayTech's company documents you notice the following: PayTech has 49 shareholders (external investors) and ten additional shareholders who gained their shares as part of an employee stock option plan and are current PayTech employees; PayTech currently has no debt; PayTech owns its office building and has significant inventory, which are valuable; Mike owns 55% of Accounting, and Mike along with the other shareholders are fairly wealthy; and PayTech would likely meet the criteria to become a listed company if it decided to go through the IPO process. Given the above, please advise Mike on possible nancing options, recommend the option that you feel might be the most appropriate, and explain your rationale
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