Ann: Annual Report to shareholders, page-184

yes they would default if they hold their stake and pursued the dream.
however if they got rid of it then they will not be accountable for FID. They will either give it away or lose it by default. No company is going to buy it in the current environment.

if they make the ludicrous decision to use what cash they have and roll the dice and make the cash call and hope they can raise fir the next one. Then they risk losing by default and also their cash ( double whammy and another bad decision by managment)Then it’s all over. If not fir the company then it is fir the share holders capital.

its a bad situation for those holding as now we are reliant on what decision our board makes.
Hopefully a takeover is the only saviour.

i bought back in at 1c to average down but now I might profit take and put elsewhere and roll the dice with the remaining.