Mark said that he rang around all the t20 shareholders pleading with them to lend the company money to avoid the collins st breach (which would have caused the company to lose its two operating mines and triggered immediate insolvency). Regal was the only one that agreed. The company had literally no choice but to accept on those terrible terms (the least terrible of two terrible outcomes). Its convenient to point the finger at Regal but they didn't create the situation
AHQ Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held