I heard the brokers are definitely going to shake the tin for a...

I heard the brokers are definitely going to shake the tin for a cap raise, with $200M in work in hand they need working capital.

This explains (in some part) the crash in SP (though, i still think it is more corona virus related)

Corona may assist PGX if projects get pushed back, if they they dont need the cash and dont need to raise money, hence it will buy them some time.

A good friend in the industry said that if Wartsilla wanted to pay even some of the money, they would have made an on account payment of some form. eg maybe not $40M but $20M, they could do this without prejudicing their position in the event they dont agree with PGX.

Notwithstanding, vVery tempting, if they batten down the hatches (even if Wartsilla a complete writeoff) $17M market cap, definitely worth a punt.