Asset-Backed Lending: A Smarter Alternative to Further Dilution, page-6

In my opionon only. I appreciate your view — and I agree with you on one important point: the IP needs to be protected at all costs.

That’s actually why asking hard questions now is essential.

If we blindly approve dilution without proper disclosure, we risk:

• IP - Risking the IP being devalued or transferred under distressed conditions due to shareholder dilution.
  

• Massive devaluation, forcing asset sales under distressed conditions — the exact "cash converters" outcome you're warning about.

Good governance and shareholder oversight aren’t about stopping the company from succeeding — it’s about ensuring the IP survives in the hands of the people who built it and that value is preserved for shareholders, not handed away cheaply.

Supporting the company and holding management accountable are not mutually exclusive — they are both required if we want to "load the bases" and give FBR a real chance to win.

Asking for disclosure, responsible financing, and fair treatment now strengthens the company, not weakens it.