Farewell, punks, page-30

No affect
The underwriting agreement has expired. It applied to the cap raise period
Payment made.

If WP didnt make the ridiculous forecasts prior to the first failed raise last year, and didnt pump the holders with forecast revenue and earnings in last years agm he could make a case to stay.

As it is, he set the targets and forecasts, he should resign for failing miserably.
Not just a near miss. Absolute failure resulting in destruction of shareholder wealth.

The latest raise appears to be a last ditch effort to save the board and executives and their salaries.
A quick cash injection with massive dilution to try and save the board from a spill after the second strike.