I appreciate the thoughtful response but I do not agree that the details of the transaction validate your claim. We may disagree on the definition of what constitutes a buy in but I don't think you can reasonably assert that "twiggy new[sic] exactly what was going on and acted accordingly" when youre definition of 'what was going on' is a fraudulent 3x inflation in resource estimates by Hastings.
The only thing twiggy cares more about than a favourable deal is good publicity for twiggy. I don't think it is plausible that his advisors uncovered a company overestimating their own value by 3x and advised "we think you should invest anyway but take a hedged call option rather than a straight up at market buy in". He wouldn't touch that with a ten foot pole.
twiggy holds the money and the name, and that allows him to make deals on his terms. Why would he buy in at market when he can make the de-risked call option he did? I don't think that's a conspiracy I think that's just business, influence and reality. He doesn't give two hoots about shareholders because he doesn't have to and why would he.
i look forward to your better explanation.
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