SP3 - some valid points but best give up on the last one....

SP3 - some valid points but best give up on the last one. Shareholders in companies that live on the funding edge don't get real choices in matters like that - if you don't approve what management put up you either end up in liquidation or with a more exploitative funding structure.

The la jolla deal definitely shows either desperation or naive management - I assumed that ESI was in a desperate state at the time and had migrated through the Tincom deal to a less desperate position but now that is gone and replaced with a less definite Chinese deal but with 10 or 20 or 100x the potential.

A very interesting conundrum . . . .