Be Greedy When Others Are Fearful, page-7

This is really what I feared - price/consolidation is not yet agreed therefore Gridcomm have us by the balls. We simply cannot refuse their offer, whatever it is.

If they decide we are charging too much we either drop the price/increase the consol ratio or delist with nothing. We've only got a couple of months of cash left then nothing but $4mil debt and increased RTO regulation for any new potential suitor.

Gridcomm know this and so did the instos.