Ann: Alexium Announces Rights Issue, page-160

Hey Thunderhead.
I know at first read it sounds ridiculous, in light of the current state, but look at it this way.
To date given the scenario l posted earlier has either of them lied ?
You will find that the answer is no. Yes things have progresed slowly, but have they actually said anything that has not been true.
l think they were caught out, l dont think they set out for this raise especially not in this manner
and not at this point of time. Thats just my take. May well be completely wrong. But its the only thing that makes any sense to me.
H