When negotiating the worst possible position occurs when:(a) you...

When negotiating the worst possible position occurs when:
(a) you have no plan B; and/or
(b) you have a time limit within which you simply must close a deal.

If (a) and (b) are true then a party's negotiation leverage is abysmal.

I think the ongoing suspension shows that KAR is not willing to be backed into a bad deal due to time pressure and that they are clearly saying to the other parties that it will take as long as it takes.

The Capital Raising was also made known because KAR was clearly signalling to the other parties that "we have a plan B".

Just my two cents worth but to me smells like KAR making sure there is sufficient negotiating leverage in the name of an acceptable outcome as opposed to the poor outcome that would inevitably occur if KAR was truly backed into a corner.