credibility, page-2

The Board really must be absolutely behind PS, otherwise they wouldnt be giving him options would they. High level things like funding and cash balance are clearly matters the Board should be involved with. Perhaps PS has been absolutely beset by bad luck and horrible markets and the Board isnt disatisfied because they didnt pick things themselves. And commercial in confidence discussions dont need to be disclosed. But lets hope he didnt put all his eggs in one basket and werent relying so much on an ALLEGEDLY major shareholder who walked away. Sign a contract. They should have been investigating all the options and talking to all their contacts. Have we heard of a bank advising PS? or the Board? No briefing at all and then we get an indepth interview on a chat forum is not the way to communicate IF TRUE. If its a complex deal and its taking so long to negotiate then the question is what kind of deal is this? Probably not a simple debt or capital raise (options of which are limited with the current share price). The options are there but at this stage it looks like they need to do a deal quickly for suffering shareholders and management credibility. However a deal for say 20% of fonda revenue would show someone is willing to pay for the rights which might rerate us. So get a deal done PS and Board please...