refinancing, page-59

Thanks for comments re: capital raising and I agree with what has been said..There are a couple of things really burning about this situation, especially after I have been a staunch supporter of Brian Rear as a MD.
1. How could they continue expanding production and spending more money with this gorilla sitting in the corner. Where is the leadership to say no and put the strong cashflow they are generating towards reducing debt.
2. Shareholders own this company last time I checked and how can they be not given the chance to pay off the debt. I agree it is too late now, but it wasnt when the price was 30c. Plenty of people are still punting on the stock at 5c so I am sure they could have raised 20-30mil if they were honest and put their cards on the table...
This thing should end up in the courts if they go into administration...