market credibility is so important, especially for a startup. They can only mend this by over deliverying on their business strategy execution.
Paying cash at a discount to an already plummetted share price for the remaining MB share certainly looks like raiding the markets to keep a business ally/friend happy as being the number 1 priority of the business. The other stuff is just "smokescreen". Investing in this minnow space adds that other dimension of this sort of governance risk.
Ann: Entitlement Offer Shortfall Notice, page-39
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