Ann: Hawsons Institutional Placement, page-140

I think what is just as galling as the monumental shareholder value destruction is the apparent complete lack of contrition and accountability on the part of these people

I remember being totally gobsmacked when I listened to the webinar after the BFS bombshell where they had the utter nerve and audacity to actually compliment the Board on the quick action they had taken ( forgetting to mention that they should have been on top of the rising costs and should have raised capital when the stock was close to a $1!)

Today again

''Managing Director Mr Bryan Granzien said the pricing discount required to successfully complete
the Placement reflected the difficult equity market conditions and prevailing investor sentiment.''

Here is a newsflash Mr Granzien...the reason for the prevailing investor sentiment is because management has made the company uninvestable!