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That's a big call 76.
They have made it clear that the company is well funded for another year or so but you think the shares will be even cheaper than they are now? What results and timeframe are you referring to ?
The biggest lesson I learned from our last CR is that the shareholders demanded loyalty but then left the company standing at the alter, while the instos were banging on the door with open chequebooks but were told to go away.
If they were to do another CR, I would expect the shareholder offer to be minimal if anything and for the instos and the sophisticated to get the lions share. As a shareholder, I wouldn't hope, desire or expect to get a cheaper offer anywhere near the price they are now.