opportunity, page-79

The moaning about the capital raising is getting ridiculous. Yes, it wasn't the best and maybe management could have done a little bit better. But the way people are carrying on it's as though they think "competent" management would have had no problem raising $20m at a 60c issue price with the recipients agreeing to escrow their shares for 3 years. News flash - maybe there weren't institutional investors desperate to buy and hold $2m+ positions in YOW and I think people are hugely underestimating how weak a bargaining position YOW management were in with their virtually exhausted cash position.