Hey Salty, I respect your sentiment and arguments are correct....

Hey Salty, I respect your sentiment and arguments are correct.
However as soon as you call someone a retard it turns into a slanging match. I reckon people working on the vessels earn their money.
Executives generally do not and in this case even more so.
Back to that Halom proposal, I am quite impressed with how they are engaging. I suspect they would have stopped the fire sale of core assets if they could. You can put a negative connotation but if they underwrite a capital raising and support it pro-rata then they give small holders a chance to participate.
Whilst preventing extinction of the company by bankers.
Seems a good deal to me, just need to factor that your shares at 18c are effectively partially paid with a debt attached which you need to extinguish.