Hi JaseR - that is quite right, but if the Sentry money is coming and it kicks up the short term SP, does it not make more sense to let that deal go through and THEN raise capital in much more favourable conditions?
This smacks clearly of desperation (hence the markets reaction) and no matter what positive spin those that cannot admit to having become too emotionally involved want put forward, the market is ALWAYS right.
This is/was a very poor management decision at the very best IMO.
At worst, it is an act of pure desperation to buy some time.
Time will tell I guess but I am certainly not writing MHL off, it is just that after the last time when the director sold I have had my rose coloured glasses surgically removed and destroyed!!
I suggest others do the same.
Cheers
Cabe
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