So what exactly did WP say, not say, and imply in the AGM meeting., page-31

Crabpest,
The company has had cash issues for a long time. The reason I asked the questions last night was to highlight those issues
WP has done what he has with the circumstances at hand.
The shareholder base has been tapped for cash. And the market, those watching know we need cash and will wait until the risk is minimal and the time is right. At $38m the time could be right but still time will tell.
Even if we had a $4.4m adapt quarterly the cash situation would still be a concern.
Ideally the company should've raised a huge amount at higher prices but we still would've seen sp declines because of value, and this is a price we've had to pay due to the over priced value and rises from 2-18.5 in 2013.
You see it in every stock in the spec end. And to add to that the popularity this stock has had since 2013 has made it worse.
I've said before stocks have rises before a cr and they come from presentations and in this presentations they are only good for information not forecasts hence disclaimers.
Minderoo and WHSP won't Chuck cash in because they won't want to lose money when the company is in such a part of it's cycle.
Minderoo did at 7c back in 2014 I think because the hype was there to see a gain that took it to 18.5. and they won't when the cycle is down with no hype.
The lower it goes the shareholders sell in despair and it's in a way the less riskiest time. The most riskiest time to buy is when it was at 18.5c/$1.85
Wp has done a fine job establishing penetration to sell CC but he has been in a tight spot when it comes to raising cash.
It's a very difficult situation.
And it won't change until the SP/value is low enough where big players see value.
This may be the time but that is still uncertain.
The company needs a big cash injection. And it's clear ratty sold knowing this is what was going to happen which does look shoddy. I think he's liable here for trading on knowledge but legally he has resigned as a director which then makes him just like any retailer. Maybe he didn't even think the SP drop would be so big? As he bought in the last cr at 30c lol. The cash situation was always being worked on since that cr at 30 because it was under-subscribed.
Everyone will watching to see what comes from this CR hopefully on Monday.
And it's better to just wait and see now instead of building any hype into it. If we say it's going to be a cornerstone we'll be happy but if that doesn't happen we'll be disappointed. So it's best to not build up hype.