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I agree, if they were running out of cash (which we now know...

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taipan168

236 Posts.

92

09/04/19

10:59

Post #: 38057040
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Originally posted by pikel1980: ↑

They needed the cash and it was the only option available at the time. It was literally a scenario of I need the cash now, the consequences are what they are.

Also its a bit harsh to blame management, most of these people are new and just trying to do the best with what they have.

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I agree, if they were running out of cash (which we now know they were!) and the only other option would have been to put the business into voluntary administration, as the management team you'd take whatever lifeline you can get to live to fight another day.

BLA Price at posting: 43.5¢ Sentiment: Sell Disclosure: Not Held
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