Do you honestly think they did not know of their cash situation...

Do you honestly think they did not know of their cash situation needs for the next year??? Do u think theyre THAAAT stupid?? With no Risk Management protocols? The BANKs themselves when CAN approached them ages ago - the BANKs analysts/Credit analysts/corporate advisory would have worked out and presented to them what is needed for risk management of loan and project. If the directors ddnt know of the risks of project ,, the BANKS /advisors wldve let them know. The Banks usually will accept OPTIONS or convertible notes in the project for themselves - or in some cases, the Major Shareholders receive these options/convertible notes and fork up the capital (bridging capital to production). Theyre not that Stupid . The Banks wldv highlighted the Cash sitch. Itll be taken care of by the top shareholders inmo thru options/notes or to the bank