Ann: Trading Halt, page-56

Yea there has to be a sale here.

But what is a bit disappointing is that any large sale is a long tender and must have been anticipated. They even said the Saudi sale was imminent. So clearly they were considering the implications of that sale being finalised while telling the market that a capital raise was not needed.

Then there are questions as to why we would trust the Saudis to pay. It seems the responsible thing to do would be to ask the Saudis to put down a deposit rather than have them ask us to provide a bond. They have not paid the 3m from the last order which is the rumored bond amount.

Also why raise now instead of letting the price go up some first? DRO must be a fiduciary to current shareholders here. So they must think this is in the best interest of current shareholders. If this raise is largely to Bergen or another party associated with management or any outside party really it will raise red flag after red flag.

Finally. I think at 50m in MC the Saudi Sale is kind of expected at this MC. It is a 70m sale that will likely take over 3 years to deliver and has considerable risk that they will not pay. It will probably produce less that 10m in profits after commissions are paid to the broker. It does not really seem that life changing anymore. Maybe if this was a 5m market cap. All in my opinion but i guess we will know soon.