Agree they WANT more. Or they wouldn't have extended the rights...

Agree they WANT more. Or they wouldn't have extended the rights issue and they wouldn't be fighting LJ. But they do have $1mil from the CR. They don't NEED money. Not in the short term.

So it's a trade off between what THEY think is best for INT. That may not align with what WE think is best.

Simon has said consolidation is neither a YES or a NO. The update is clear that the lack of bids is the main stumbling block. I honestly don't think INT have 100% decided whether to fight it or consolidate. But I think they now have the numbers required to force it through.

I have no firm opinion either way, although I lean towards consolidation as a means to free up liquidity. And acquire more at a discount.