I understand what you are saying, but failing to claim the PE...

I understand what you are saying, but failing to claim the PE successfully has repercussions.
Do you think WPL, if victorious, will say "nice try cath, lets now get on with the JV as if you didnt try and screw us out of our $440 million US deal on a billion dollar oilfield"

If WPL is successful, they are in a position to squeeze shareholders out. Cath will keep her job short term, but they will need to raise so hard and fast current holders will be screwed.

Already we are seeing pressure on the neighbouring block.
This is a big gamble.

For cath its the difference between making a lot of money or gutloads. Thats not the case for current holders. Traders and shorters should do ok with the volatility though.

We can lose what we have or have spent.

I just want to know what they are doing or trying to do.