AGM summation, page-120

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Even if you use Muss' eps forecast for the year @ 1.1 c and apply a multiple of say 18 (assumes an SP of 20c), then another CR would entail 50 m shares to achieve a $10 m cash inflow, and 11 % further dilution.
My biggest short term concern is that in 10 weeks time, their H1 results will re-confirm the impact of their recent problems. H1 eps of under 0.2 c is hardly going to inspire the market. Also weary of the opinion that MBE mgt are conservative. History says yes, but slightly different when yr back's against the wall, as it would have been at the AGM. I suspect their guidance is more based on a 'headwind free' H2 2017.
All speculation, but you and I are clearly lone voices on this one.
Rokewa