Well said.
Not so sure on humbling light on my assertion they struggled to get funding, in the end they discounted 30% to all time lows to get the cash and we can see what its done to the SP today. Also in regard to being underfunded i believe current management have been through two previous capital raises?? Did they get them wrong or underestimate?
You are correct though management have bought another 12 months to try and turnaround the company, without anything achieved except further cash burn in that period then its hard to see a way forward here. For long-termers we won't be getting back in front here for next few years at best!
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