Yeah that's my thoughts. By this Ann I see that yes the...

Yeah that's my thoughts. By this Ann I see that yes the company was losing money, yes they had massive loan payments but they were actively mining, marketing and successfully selling lithium. Doing their best to re-negotiate lender terms. So IMO I see the board were ambushed and the only winners were the lenders and PLS. It's hard to believe this all happened so fast. There's no way that lenders and PLS did this without prior talks, I may be wrong but i just don't see how hundreds of millions of dollars exchange hands in a haphazard manner. The announcement eludes to the secrecy kept by the lenders regarding their move to oust the board. Wow! someone make a movie. I dare say this has wisened up the new board and left them not only millions down but also with a sore backside. As other posters have said the lenders probably followed the rules on the face of it but could there be a backstory here?