finance plan, page-3

To require support from shareholders means it has to go to shareholders to be voted on.

The condition I can think of that needs a vote is that they are issuing new stock which is more than 15% of the total issued capital!

That's a lot of money and will obviously be at a steep discount.

By CFC not supporting can mean a couple of things;

1. They want to lob another bid pretty soon.
2. Things are that bad they don't want to invest with the potential to lose more!

6 months ago this management team had the best credibility on the market.

Rejecting the $1.70 offer and now turning to the market for money has shot their credibility lower than the DML price.

Disappointing times.