$15 million MC with $18.5 million in the bank sure does look...

$15 million MC with $18.5 million in the bank sure does look odd, with some very promising projects and a drill campaign about to kick off, almost like the recent raise was a way to destroy the SP prior to any announcements, just very very poor performance from management, its like a used car salesman selling a Ferrari as a Commodore, sell the bloody thing, the player has forced the price of the company down well below cash backing, management have this blood all over their hands, raising for a drilling program that doesn't have approval, what happens to that money if the drill permit does not get approved? Firstly they loose the $1 million dollars that is held until money is used for the raise purpose, just such a stupid raise to line some pockets at this stage of the companies development is so frustrating. There is no reason on explanation for this raise that can be justified, the next AGM will be very interesting if we have no drill permit, someone will be asked to take the fall.