Agree and I would think another cap raise in coming by end of 18 or early 19. If WP wanted to go big way, he needed to go 1 in 2,fully underwriters right issue @20-25c to raise 25-30m before going for loan and avoided mortgaging ahz and another cap raise. But he liked to show he wouldn’t going to dilute the shareholder and opted to take a loan and mortgaged ahz He might get SH backlash but not in a way he got first strike this time and the largest SH leaving the station and that would have helped ahz to be in solid financial health. I would think he couldn’t vision well this could be coming and that’s why I differ with other’s claim he is above par in excellence, I would think he made a lot of mistakes.
Imo
AGM, page-204
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