You raise a very interesting scenario, a major holder pushing the share price up in preparation for another capital raise ! Pushing the price up to around 23 -26 cents would certainly make another capital raise of 20 cents to fund the wind farm a real possibility. Stranger games have been played. I sincerely hope GNX remains a listed company, really it's the last good renewable standing.
Ann: Receipt of Non-Binding Indicative Proposal, page-45
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