Ann: Non-Renounceable Pro-Rata Entitlement Offer to Raise $54.5M, page-7

if you have access to these directors ask them why the second unnecessary cap raising. I know EWC was approached by lenders before the first cap raise with offers at the going rate.
Others have told me SE can't open the books to satisfy lenders...I've said as much before on this forum.....Why can't he open the books well the same characters think the EWI liabilities are not totally above board which means SE finds himself in the big house...I think they are suggesting moneys have been diverted...It now appears to me anyway all these raisings are about SE staying at large and in charge of the company and not progressing the projects...it's interesting SE is not paying cash for his portion but instead retiring debt and large chunk of the proceeds are to further retire EWI debt...All this about about one man and not the common good.