I don't doubt that managements dealings are a bit questionable however it may be that they simply have underestimated the required funds to get this project up and running. They have been quite good at over estimating and getting a bit excited in the past and this may just be another example.
And presuming that the MDL is granted in the next month a share consolidation is the most likely step as there are just too many shares and smaller s/h to get this thing moving. And it is more than likely that management do wish to aquire some cheap shares before the announcements come in. Its not all baf news, potentially. ......
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