Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-21

Obviously everyone is pissed off at the dilution and the uncertainty around timelines..
But we're still theoretically only a matter of months away from EPA signoff and off-takes once the DCEECW pulls their finger out and replies to comments, one would expect.. So a 7c price for a few extra shares, doesn't sound that offensive, to my mind.. Again, obviously extremely frustrating to be begged to chip in even further at this late stage in the process, after the excruciatingly long wait we've already all endured.. but have any fundamentals changed? Are we not all still expecting the market cap to be ~$150M-$200M+ once we've got enviro approvals and binding off-take agreements in the bag, most likely at some point this year?