It's irrelevant IMO how much skin in the game management have. Nobody is suggesting management are anything other than totally committed to COK, they always have been. That's not the problem.
The point is they are subject to forces outside management's control - macroeconomic factors and the fact they need to raise money before the end of the year.
Management have done a great job so far IMO, SK shafted them (and us) and there is no more to be done about that. I am confident they will find a way out of this mess but it's irresponsible for people here to be pretending it's not a mess.
One look at the price chart shows you it is. Hopefully in July things will start to look up and we can look at raising equity at a fairer price.
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