Insitor, BOD, Financing Disaster and Questions, page-7

Yep looking like Royce took the poisoned chalice.
In any case the signs were always there. GG beung mothballed made sense at time but typically rni took the opportunity of falling pog to make the call as rni"s. Whilst it made sense it really seems to have done absolutely zilch to build relationships with funders when pog/aud turned. There's a strong reading here that gg didn't have support at any pog/AUd uplift. Strange you reckon. Not really well just move on expl and drive that part of business.
The noose was tightening many many months ago.
I am hoping that the lack of support by funders, etc is personal and if this is the case the bod moves on gracefully.
I guess what a lot if people aren't getting is that any jv partner or funder would be thinking the difference between investing or funding is that you could own the company shortly through a t/o or purchase from T without haveing the problems with the current mgmt. IMHO