Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-161

That is definately one scenario. Or Alternatively:

1. Ahana end up with 250m shares
2. Stuff us around with financing as they did with BMA
3. Let Jim and co stuff around with PCI and blead it dry
4. Let share price drift lower and make a low ball TO bid

OR

Ahana buys Platinum debt, stall with financing and production. Wait for the royalty agreement to expire then call in the $16-17m debt, place it into receivership and walk away with the asset.

Ahana are in control and there is a number of ways this can end badly for us small shareholders.

BUT I like the rose tinted glasses.