Mozart, a resounding no. They raised the funds at $2.50 when the share price was $2.80 to 3.00 and looked like going higher. The funds were raised for a specific purpose.
As an aside, this purpose did not include giving the Directors a risk free loan, which if paid back a less than the excersise price of the options means a reduction in cash capital.
I don't doubt the Directors try an do a professional job, but I find them arrogant, opportunitic, limited in vision and unsuitable to run BRM, other than in a No 2 positoin, in these stressful times
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