Sorry to say it but the logic is BS. If you want the funds you...

Sorry to say it but the logic is BS. If you want the funds you make a rights issue say 1 : 10 relatively deeply discounted with the right to take over subscriptions. If the shareholders don't take them the other shareholders get first crack. The shareholders also have the right to sell current shares and buy the discounted ones . That way there is total fairness. None of the emotional blackmail implying taking the hat around. If there's a bid there's a bid. Harley deserves to lose control of the co. from putting out a DFS so late then having to upgrade it to commercially viable.