Or alternatively, like a smart CEO he didn't go singing from the...

Or alternatively, like a smart CEO he didn't go singing from the rooftops that a default by AP was possibly going to cost us $5m (do you think that would have kept the SP at 4c?), but rather he took quick action to to ensure we had funds available, also keeping the stock in long term holder's hands. A smaller discount might have risked a longer process with a smaller amount raised and a weaker aftermarket. We're presently 18% down on our pre-Placement high, and 18% higher than we've been all year up until 20 days ago!

Just saying there are alternative possibilities here.