Very, very disappointing development. What I don’t like the most...

Very, very disappointing development. What I don’t like the most is that he made it clear It would only happen if someone came and approached them “at or near” the current price. 11c is not. It’s over 20% discount. And if street talk are stating it then it means it’s been pawned out to the market rather than someone approaching them.
defies logic in my books and goes against almost every word said and body language shown at that pres. That really worries me as I bought in based almost entirely on the pres. Do I now discount everything that was said as being “potentially not”?
I’m all for good risk management and actually am not one who is against cap raises most of the time … but this doesn’t feel right to me.
vent over.