The only way this would ever of worked was to issue the rights...

The only way this would ever of worked was to issue the rights and drop some news….WTF were they thinking would happen when the SP is almost at the same price as the rights and with nothing to drive the value of buying the rights up or get people interested in buying and participating?
Very strange move! Almost would seem no thought has gone into this at all…..what are they planning to do with all the money, Not that they will get it anyway but they have lost complete direction? so now we are buying new land holdings but in a different location so they can sit on that for another 2yrs……WTF are they actually.doing….it is just not clear to anyone anymore……complete disaster!