per documentation
compelling reason 1 - we will lose deposit of 72m
compelling reason 2 - we may not be able to do capital raisings effectively in future
compelling reason 3 for retail - so you dont get diluted
R these people for real - hi I'm retail I stupid and cant see thru your BS - not.
I bet Mike and eric are sh*%%*ng themselves right now and wish they had been a bit more forthcoming with shareholders
They are quite unbelievable in their attitude. Where is all the strategy on this aquisition 6 months ago - you dont have to mention all details but most companies give details as to what their broad strategy is. Just saddens me that we trust these jokers. They say they have been working on for a year - really, then why spend 97m on development and almost bring company to knees if this was around the corner - just doesnt make sense !! Why not actually go thru with a sale of Dimmitt in 17 to help purchase and reduce CR
Anyways above rant does not take away from merits or lack thereof depending on your POV its just if transaction does go thru then I would call for both their resignations - they are the Tillersons of Sundance or ToSsers as I like to call them.
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